IMAGE  EVALUATION 
TEST  TARGET  (MT-3) 


A 


t/j 


1.0 


I.I 


1.25 


fJ^  IIIIIM 
:^  1^  12.0 


lA  III  1.6 


V] 


<^ 


^> 


^4 


Photographic 

Sciences 
Corporation 


33  WEST  MAIN  STREET 
(716)  8.    -4^03 


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% 


t/j 


CIHM/ICMH 

Microfiche 

Series. 


CIHM/ICMH 
Collection  de 
microfiches. 


Canadian  Institute  for  Historical  Microreproductions  /  Institut  Canadian  de  microreproductions  historiques 


Technical  and  Bibliographic  Notes/Notes  techniques  et  bibllographiques 


The  Institute  has  attempted  to  obtain  the  best 
original  copy  available  for  filming.  Features  of  this 
copy  which  may  be  bibiiographically  unique, 
which  may  alter  any  of  the  images  in  the 
reproduction,  or  which  may  significantly  change 
the  usual  method  of  filming,  are  checked  below. 


□ 


D 
D 

□ 
D 
D 
D 

D 


D 


Coloured  covers/ 
Couverture  de  couieur 


□    Covers  damaged/ 
Couverture  endommag^e 


Covers  restored  and/or  laminated/ 
Couverture  restaurie  et/ou  pelliculie 

Cover  title  missing/ 

Le  titre  de  couverture  manque 

Coloured  maps/ 

Cartes  giographiques  en  couieur 

Coloured  ink  (i.e.  other  than  blue  or  black}/ 
Encre  de  couieur  (i.e.  autre  que  bleue  ou  noirel 

Coloured  plates  and/or  illustrations/ 
Planches  et/ou  illustrations  9n  couieur 

Bound  with  other  material/ 
ReliA  avec  d'autres  documents 

Tight  binding  may  causa  shadows  or  distortion 
along  interior  margin/ 

Lareliure  serree  peut  causer  de  Tonibre  ou  de  la 
distorsion  ie  long  de  la  marge  intdrieure 

Blank  leaves  added  during  restoration  may 
appear  within  the  text.  Whenever  possible,  these 
have  been  oniitted  from  filming/ 
II  se  peut  que  certaines  pages  blanches  ajouties 
lors  dune  restauration  apparaissent  dans  Is  texte. 
mais,  lorsque  cela  4tait  possible,  ces  pages  n'ont 
pas  iti  filmdes. 

Additional  comments:/ 
Commentaires  supplimentaires; 


L'Institut  a  microfilm^  le  meilleur  exemplaire 
qu'il  lui  a  et*  possible  de  se  procurer.  Les  details 
de  cet  exemplaire  qui  sont  peut-itre  uniques  du 
point  de  vue  bibliographique,  qui  peuvent  modifier 
une  image  reproduite,  ou  qui  peuvent  exiger  une 
modification  dans  la  r/tithode  normale  de  filmage 
sont  indiquis  ci-dessous. 


□    Coloured  pages/ 
Pages  de  couieur 

□    Pages  damaged/ 
Payes  endommag^es 

r~~|    Pages  restored  and/or  laminated/ 


Pages  restaur^es  et/ou  pelliculies 

Pages  discoloured,  stained  or  foxed/ 
Pages  ddcolor^es,  tacheties  ou  piquees 


Q    Pages  detached/ 
Pages  ditachees 


v/ 


Showthrough/ 
Transparence 


j      I    Quality  of  print  varies/ 


Quality  inigale  de  I'impression 

Includes  supplementary  material/ 
Comprend  du  materiel  suppl^mentaire 

Only  edidon  available/ 
Seule  Edition  disponible 


n 


Pages  wholly  or  partially  obscured  by  errata 
slips,  tissues,  etc..  have  been  refilmed  to 
ensure  the  best  possible  image/ 
Les  pages  totalement  ou  partiellement 
obscurcies  par  un  feuillet  d'arrata,  une  pelure, 
etc..  cnt  4ti  film^es  ^  nouveau  de  facon  a 
obtenir  la  meilleure  image  possible. 


This  item  is  filmed  at  the  reduction  ratio  checked  below/ 

Ce  document  est  filmd  au  taux  de  reduction  indiqui  ci-dessous. 

10X  14X  18X  22X 


12X 


16X 


20X 


26X 


30X 


24X 


28X 


32X 


The  copy  filmed  here  has  been  reproduced  thanks 
to  the  generosity  of: 

The  Nova  Scotia 
Logiilative  Library 


L'exempiaire  fiimA  fut  reprodutt  grAce  A  la 
gAnArositA  de: 

The  Nova  Scotia 
Legiilative  Library 


The  images  appearing  here  are  the  best  quality 
possible  considering  the  condition  and  legibility 
of  the  original  copy  and  in  keeping  with  the 
filming  contract  specifications. 


Original  copies  in  printed  paper  covers  are  .limed 
beginning  with  the  front  cover  and  ending  on 
the  last  page  with  a  printed  or  illustrated  impres- 
sion, or  the  back  cover  when  appropriate.  All 
other  original  copies  are  filmed  beginning  on  the 
first  page  with  a  printed  or  illustrated  impres- 
sion, and  ending  on  the  lasi  page  with  a  printed 
or  illustrated  impression. 


The  last  recorded  frame  on  each  microfiche 
shall  contain  the  symbol  ^»- (meaning  "CON- 
TINUED"), or  the  symbol  V  (meaning  "END"), 
whichever  applies. 

IVIaps,  plates,  charts,  etc.,  may  be  filmed  at 
different  reduction  ratios.  Those  too  large  to  be 
entirely  included  in  one  exposure  are  fi!med 
beginning  in  the  upper  left  hand  corn jr,  left  to 
right  and  top  to  bottom,  as  many  frames  as 
required.  The  following  diagrams  illustrate  the 
method: 


Les  Images  suivantes  ont  AtA  reproduites  avec  le 
plus  grand  soin,  compte  tenu  de  la  condition  at 
de  la  nettet«  de  l'exempiaire  fllm«,  et  en 
conformity  avec  les  conditions  du  contrat  de 
filmage. 

Les  exemplaires  originaux  dont  la  couverture  en 
papier  est  imprim«e  sont  filmto  en  commen^ant 
par  le  premier  plat  et  en  terminant  soit  par  la 
dernlAre  page  qui  comporte  une  empreinte 
d'impression  ou  d'illustration,  soit  par  le  second 
plat,  sel^n  le  cas.  Tous  les  autres  exemplaires 
originaux  sont  filmte  en  commengant  par  la 
premiere  page  qui  comporte  une  empreinte 
d'impression  ou  d'illustration  et  en  terminant  par 
la  dernidre  page  qui  comporte  une  telle 
empreinte. 

Un  des  symboles  suivants  apparaftra  sur  la 
dernidre  image  de  cheque  microfiche,  selon  le 
cas:  le  symbole  —^  signifie  "A  SUIVRE".  le 
symbols  V  signifie  "FIN". 

Les  cartes,  planches,  tableaux,  etc.,  peuvent  Atre 
filmte  d  des  taux  de  rMuction  diffArents. 
Lorsque  le  document  est  trop  grand  pour  Atre 
reproduit  en  un  seul  cllch6,  il  est  film*  A  partir 
de  Tangle  supArieur  gauche,  de  gauche  k  droite. 
et  de  haut  en  bas,  en  prenant  le  nombre 
d'images  nicessaire.  Les  diagrammes  suivants 
iliustrent  la  m^thode. 


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2 

3 

4 

5 

6 

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PROVINCE  HOUSE 


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Statement,  &c. 


International  Coiil  iinir  |lailtoiig  Compiinn. 


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,  (^^,  President. 

^     EN,  Vice-President. 

',  Treasurer. 

AY,  Secretary. 

*^     Gen.  JOHN  A.  DIX. 
)^WILSON  G.  HUNT, 
^^PETER  C.  VAN  SCHAICK, 
Rev.  HUGH  McLEOD,  D.D. 
MILLER, 

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AND  JOr-  PRINTER, 

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INTERNATIONAL 


^ul  and  fiailwag  (f^awpng, 


OF   NOVA    SCOTIA. 


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iivcorM»oiiiVa^i3i>,    iho4. 


CAPITAL  -  1,000,000    DOLLARS, 

20,000     SHARES,     $30     EACH. 


Ofllcers. 

A.  C.  MORTON,  President. 

WILLIAM  A.  HADDEN,  Vice-President. 

HENRY  DAY,  Treasurer. 

ALFRED  MACKAY,  Secretary. 

T>lre«tors. 

A.  C.  MORTON,  Gen.  Jt)HN  A.  DIX. 

WILLIAM  A.  HADDEN.  WILSON  G.  HUNT, 

(JEOROE  T.  ADEE.  PETER  C.  VAN  SCHAICK, 

HENRY  DAY.  Rev.  HUGH  McLEOD.  D.D. 

WILLIAM  P.  MILLER, 

OF-PK^E,  :j»  pine  stueet. 


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NEW   YORK ; 
HENRY  TOMPKINS,  BOOK  AND  JOF  PRINTER, 

No.   60  WILLIAM    STREET. 


1867. 


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INTERNATIONAL  COAL 4  RAILWAY  CO. 
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|ntevnnti0nat  €$1x1  and  ^{uiUray  (S^ompang, 


OK  NOVA  SCOTIA. 


CHARTER  AND  ORGAN  l,' ATI  ON. 

Tins  C()ini>;iiiy  \v:is  iiicoi'pol';!*"'!  mnlcr  the  Imws  of 
Nova  Scotiii  with  ;i  cMiutal  of  oiu^  million  of  doUars. 
Tlio  ciuirter  •'raiitcil  l»vthi'  rrovinciii!  Parliament  is  com- 
prcl)ensivo  and  liberal  in  all  its  [)rovisions,  giving  the 
Company  authority  to  hold  and  work  coal  mines,  to  build 
and  operate  railronds.  to  hold  wharves  and  ])iers,  and  for 
transacting  all  business  connected  therewith.  Annexed 
will  be  Ibund  the  ciliarter  and  all  acts  amending  the 
same.     (See  appendix  A.) 

PROPERTY  OF  THE  COMPANY. 

The  property  <>f  the  Company  is  situated  in  the  Island 
ol'Cape  Breton,  Nova  Scotia,  and  consists  of  coal  mines, 
and  timber,  and  im[)rovcd  lands.  The  coal  areas  are  sit- 
uated on  the  sea  coast,  a  distance  of  from  twelve  to  fcnir- 
teen  miles  easterly  of  Sy<lney  Harbor,  and  endjrace  four 
S(puire  miles  of  territory  in  one  body.  These  coal  areas 
are  held  under  leases  direct  from  the  Government,  ex- 
tending to  a  period  of  sixty  years  (see  act  of  Provincial 
Parliament  May  7,  18»)()).  The  royalty  to  be  paid  the 
uovci'imient  is  ten  cents  per  ton  for  all  coal  shipped  not 
exceeding  two  hundred  and   lifty  thousand  tons  per  an- 


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num,  and  on  all  coal  over  and  above  this  amount  live 
cents  per  ton.  Upon  these  coal  areas  there  are  live 
workable  seams  of  coal,  which  underlie  nearly  the  whole 
property  ;  one  of  these  coal  seams  was  worked  for  several 
years  before  this  Company  came  into  i)()ssessi()n  of  the 
property,  and  since  that  period  these  workiniirs  have  been 
extended  and  improved. 

A  new  h)uble-ti'a('k  I'ailway  has  been  laid  the  whole 
length  of  the  incline,  with  friction  rollers,  platforms,  wire 
rope,  &c.,  for  raising  coal  from  the  mine. 

New  pit  wagons  htive  been  constructed,  of  improved 
form  and  efliciency,  the  tracks  and  gangways  of  tiie  mine 
have  been  improved,  and  the  whole  interior  workings  put 
in  a  condition  for  enlarged  and  eflicient  mining  opera- 
tions. 

An  engine  house  has  been  constructed  at  the  head  of 
the  incline,  and  a  new  steam  engine  erected,  bv  which 
coal  is  rapidly   and  economically  raised  to  the  surface. 

At  the  present  time,  the  mining  of  coal  is  carried  for- 
ward by  two  levels,  one  oi'  which  is  directly  ('onnected 
by  a  passage-way  opened  to  the  sea-shore,  through  which 
the  water  of  the  mine  is  conductcHl  to  the  ocean.  The 
other  level  is  timrtecn  feet  l)el()w  the  one  above  mentioned, 
and  the  water  which  collects  on  this  level  is  pumped  up 
to  the  upjK'r  level,  and  thence  it  linds  its  wav  to  the 
ocean  through  the  abow  miMitioneil  passage,  bv  natural 
drainage.  The  water  of  the  mine  is  so  lin)ited  in  amount 
that  heretofore  there  has  been  no  dillicnltv.  under  the 
favorable  condition  of  the  workings,  in  frc(Mng  the  mine 
of  water  l)y  the  labor  of  one  man,  with  an  ordinary  hand- 
pumj).  But  ami)le  and  elfective  provision  has  been  made 
to  meet  any  emergency  from  the  rapid  or  unexpected  in- 
crease of  water  in  the  mine. 


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An  air  passi(<re  is  also  opened  from  the  interior  work- 
ings of  the  mine  to  the  beach,  which,  in  connection  with 
the  opening  down  tlic  incline,  creates  a  current  of  air 
which  eflectually  ventiUites  the  whole  mine. 

This  coal  seam  lies  between  two  beds  of  rock,  uniform 
and  regular  in  structure,  gi\  ing  a  remarkably  smooth  and 
safe  roof  and  floor  for  the  mine.  The  entrance  to  the 
workings  is  only  a  lew  yards  from  the  sea  shore  at  the 
mouth  of  Cadigan's  Brook,  where  there  is  a  small  wharf 
which  is  connected  with  tlie  mine  by  a  railway  track. 

Building.-;  of  sullicient  size  and  nund)er  have  been 
erected  for  the  accommodation  of  tiie  present  force  of 
miners,  and  fen-  shopwork  and  store  and  storage  purposes. 
It  is  contemplated  to  add  to  tlies(!  buildings  on  the  com- 
n.iencement  of  new  works. 

The  lands  of  the  Company  consist  of  one  hundred  and 
fifty  acres  at  the  mine,  one  half  of  which  is  under  cultiva- 
tion, and  eighty-three  and  three-quarter  acres  at  the  ter- 
minus at  Sydney  Harbor,  which  is  also  under  cultivation. 
The  balance,  over  two  thousand  acres,  are  wild  and  tim- 
ber lands  situate!  on  Mira  liiver,  a  navigable  stream 
about  twenty  miles  di.stant  from  the  mine. 


COAL  SEAMS  AND  AMOUNT  OF  COAL. 

It  will  be  observed,  by  reference  to  the  accompanying 
ma]),  that  this  great  coal  area  is  of  an  irregular  L  shape, 
^iK'  northern  extremity  of  wiiich  abuts  on  the  sea  coast  at 
Bridjiejiort,  and  the  south-western  limit  rests  on  the  inte- 
rior waters  of  Great  Glace  Bay. 

The  distance  Irom  oiu'  extremity  to  the  other,  measur- 
ing near  the  southern  and  western  boundary  of  the  prop- 
ertv.  is  live  miles.      The  interior  ])ortions  of  the  grounds 


e 


are  considerably  elevated — tlie  highest  part  being  between 
two  and  three  hundred  feet  above  tide. 

The  lines  of  outcrop  of  the  several  coal  seams  sweep 
around  on  this  great  coal  property  in  bold  curves,  which 
are  prolonged  by  in  part  conforming  t(3  the  general  out- 
lines of  the  property. 

The  several  coal  seams  are  designated  on  the  map  by 
numbers,  the  most  westerly  seam  being  No.  1,  which  is 
known  as  the  Ross  seam.  This  seam  is  fi'om  live  and  a 
half  to  six  feet  thick,  and  has  a  length  of  outcrop  on  this 
property  of  thirteen  thousand  feet,  and  contains  over 
twenty  millions  (20,212,476)  tons  of  coal.  The  Phelan 
seam  (No  2)  is  from  eight  to  eight  and  a  half  feet  thick, 
has  a  length  of  outcrop  of  nine  thousand  feet,  and  con- 
tains twenty-four  and  a  half  millions  of  tons.  Back  Pit 
seam  (No,  3)  is  four  i'eet  thick,  has  an  outcroj)  of  nearly 
one  mile  in  length  on  this  pro])erty,  and  contains  almost 
twelve  millions  (11,851,404)  tons,  and  the  Harbor  seam 
(No.  4),  which  is  now  being  worked,  is  nearly  six  feet 
thick,  and  has  a  length  of  outcro})  of  two  and  a  half  miles 
on  this  proj)erty,  and  it  contains  eight  and  a  half  millions 
of  tons  of  coal.  The  latter  has  a  curve  of  water  level 
gangway  of  about  Lwo  miles  in  length,  and  the  Ross  seam 
has  nearly  a  straight  gangway  water  level  of  over  two 
miles,  with  an  average  breasting  of  coal  up  the  dij)  to  the 
surface  of  from  nine  hundred  to  twelve  hundred  feet. 

The  total  quantity  of  coal  on  this  proi)erty,  computed 
by  scientilic  and  i)ractical  men  from  data  obtained  by  the 
most  elaborate  surveys  of  the  lieKl,  is  sixty-live  millions 
of  tons.  This  does  not  include  the  co;d  of  two  or  three 
other  seams,  pa^t  of  which  is  of  recenr  discovery,  which 
underlie  the  coal  area  of  this  coini)any,  which  altogether 


X 


will  add  several  millions  of  tons  of  coal  to  the  above  men- 
tioned amount. 

No  part  of  this  great  body  of  coal  is  under  the  sea.  A 
peculiar  feature  of  this  property  is  its  superior  elevation 
above  the  soa  and  the  large  amount  of  coal  it  contains 
above  tide  \c\c\.  This,  by  careful  computation,  exceeds 
nine  millions  of  tons. 

No  other  coal  pr()})erty  of  this  part  of  the  coal  field  of 
Cape  Breton  possesses  in  an  equal  degree  this  peculiar 
feature. 

For  furtluM' interesting  and  scientific  details  in  reference 
to  the  characteristics  of  this  coal  property,  the  position, 
amount  and  qualit}-  of  the  coal,  reference  is  made  to  the 
appendi.K  (B  and  C),  containing  extracts  from  an  elaborate 
rei)ort  of  Professors  J.  P.  Lesl'/SY  and  S.  B.  Lyman,  and 
the  analysis  of  the  coal  by  the  Manhattan  Gas  Lighu 
Coni])any,  New  York.  These  gentlemen  have  spent 
much  time  in  surveying  and  examining  this  coal  field  ; 
their  scientific  ac(iuirements  are  of  the  highest  order,  and 
the  Provincial  (jovernment,  and  the  public,  are  indebted 
to  then)  for  a  mass  of  valuable  information  and  scientific 
(hita,  the  result  of  their  thorough  and  able  investigaticm 
of  this  portion  of  the  coal  field  of  Cape  Breton. 


SHIPPING  FACILITIES. 

The  shii)ments  ol'  coal  from  the  ^jresent  wharf  of  the 
C()ni])anv  at  the  mine  have  varied  from  ten  thousand  to 
iin.\tejn  thousand  tons  per  annum,  l)ut  shipments  from 
this  place  must  necessarily  be  limited  and  irregular,  owing 
to  the  exposed  coast  and  the  want  of  harbor  accommoda- 
tions. 

It  has  been  the  policy  of  this  Company,  from  the  be- 
ginning, to  avoid  all  expenditures  for  artificial  harbors, 


•MM^i 


for  the  reason  that  the  construction  of  such  harbors  is,  as 
a  general  rule,  attended  with  much  expense,  and  often 
fail  to  accomplish  desired  results.  In  order  to  give  the 
requisite  facilities  for  shipping  an  unlimited  amount  of 
coal  it  becomes  necessary  to  connect  the  mines  by  rail- 
way with  a  large  and  commodious  harbor. 

Sydney  Harbor  is  one  of  the  best  harbors  on  the  coast 
of  Nova  Scotia.  It  is  easy  of  entrance,  and  unsurpassed 
as  regaixis  its  holding  grounds  and  the  safety  and  extent 
of  the  accommodations  it  alfords  to  shipping. 

Its  proximity  to  the  great  body  of  the  coal  of  this  dis- 
trict, the  favorable  character  of  the  country  in  that  direc- 
tion for  tlie  construction  of  a  railway,  early  led  to  its 
adoption  as  the  best  shipping  port  for  these  mines. 

PROPOSED  RAILWAY. 

The  survey  and  final  location  of  the  railway  show  that 
Sydney  Harbor  is  reached  by  a  favorable  line,  and  gra- 
dients, in  a  distance  of  twelve  miles  from  the  present 
workings  of  this  Company,  and  from  a  central  point  of 
this  coal  field,  in  a  distance  of  fourteen  miles.  The 
ground  at  the  latter  point  is  one  hundred  and  fourteen 
feet  above  the  wharf  at  Sydney,  and  the  proposed  railway 
will  be  either  level  or  descending  in  the  direction  ol' 
Sydney  Harbor,  the  larger  portion  of  the  distance  tliei-e 
being  but  few  slight  undulation  a  of  the  gradients.  This 
is  a  feature  which  has  an.  imporvant  and  favorable  bearing 
on  the  cost  of  transportation.  The  location  of  the  road 
has  been  made  with  a  view  to  accommodate  the  largest 
number  of  coal  areas  and  mines  contiguous  to  the  line  ; 
and  this  is  accomplished  without  materially  deviating 
from  the  most  direct  course  to  a  central  jjoint  in  this  coal 


X  ■> 


ff 


9 


district,  and  at  tlie  same  tinic  tlie  <i;radients  are  of  a  highly 
favorable  character. 

Jt  is  proposed  to  l)uild  twelve  miles  of  road  at  first, 
which  perfects  the  communication  between  Sydney  Har- 
bor and  the  jn'csent  woi"kin<:s  on  the  easterly  portion  of 
the  coal  area  of  this  Company. 

This  road  can  be  built  in  one  year,  and,  whenever  it  is 
deemed  desirable,  the  railway  may  be  extended  to  other 
portions  of  the  coal  areas  of  this  Company.  In  doing 
which,  it  will  pass  in  the  immediate  vicinity  of  the  mines 
or  coal  areas  of  other  companies. 

To  ))rovide  additional  means  for  the  further  develope- 
ment  of  the  mine,  and  the  construction  of  the  railway,  it 
is  proposed  to  issue  mortgage  bonds  to  the  amount  of  one 
hundred  and  twenty-live  thousand  jjounds  sterling.  The 
bonds  to  be  sterling  bonds,  bearing  six  })er  cent,  interest, 
payable  semi-annually  in  London,  to  run  twenty  years, 
the  jiaymentof  the  princi})al  and  interest  to  be  secured 
by  a  lirst  mortgage  on  the  mines,  mining  property,  rail- 
way and  its  c(piipmcnt,  and  on  the  wharves  and  piers  of 
the  Company.     (See  a})[>cndi\  1).) 

A  sinking  fund  is  to  be  created  by  setting  aside  an- 
nually such  a  jtortion  of  the  earnings  of  the  road  as  will 
pro(bu'e  a  sufiieient  sum,  at  the  end  of  twenty  years,  to 
redeem  the  bonis. 

The  security  upon  which  these  bonds  are  based  is  ex- 
traordinary in  amount,  and  nndoubted  in  character  and 
intrinsic  value. 

The  mortgage  covers  the  railway,  the  rolling  stock  and 
fixtures,  the  mining  and  railway  lands,  and  the  eoal  and 
mining  })roperty  of  the  Company,  including  improvements 
and  exj)enditures  already  made,  and  the  large  amount  to 
be    hereafter   made   Ibr   new   works,   tracka,  machinery, 


la 


buildings,  &c,,  &c.  Also  the  coal  property  of  the  Com- 
pany, which  embraces  an  area  of  fo\ir  square  miles,  con- 
taining an  aggregate  of  over  sixty-five  millions  of  tons  of 
coal.  These  coal  seams  are  so  situated  as  to  permit  them 
to  be  worked  by  four  independent  mining  comi)anies  if 
this  is  deemed  expedient,  and  the  amount  of  coal  in  this 
area  alone  is  sufficient  to  keep  the  railway  constantly  and 
fully  employed  for  many  years  beyond  the  ])eriod  at 
which  the  bonds  mature.  It  is  the  intention  to  extend 
the  workings  to  all  tlie  coal  seams  of  this  area,  either  by 
the  direct  operations  f)f  this  Company,  or  in  part  through 
contracts  with  othei*  companies  or  firms  for  working  them. 
But  beyond  this  is  the  revenue  to  be  derived  from  the 
transportation  of  coal  from  other  mines  over  the  railway 
of  this  Company,  At  a  moderate  charge  this  will,  it  is 
believed,  produce  a  large  income,  which,  according  to  the 
experience  of  similar  works,  will  be  increased  from  year 
to  year. 

On  the  line  of  the  i)ro])Osed  railway,  when  completed, 
or  in  its  vicinity,  there  are  probably  two  hundred  millions 
tons  of  coal,  the  larger  portion  of  which  will  be  furnished 
with  the  cheapest  and  most  expeditious  means  of  trans- 
portation to  one  of  the  best  harbors  (m  this  coast. 

The  railway  lor  several  miles  will  ])ass  over  successive 
beds  of  the  most  superior  bitnniiuous  coal, 

Tiie  coal  fields  of  Nova  Scotia  are  the  natural  source  of 
sujiply  for  all  the  Atlantic  sea-board  cities  of  the  United 
States,  and  for  Canada  and  other  British  North-Aniei'ican 
Provinces, 

This  coal  is  of  a  superior  quality  for  gas  to  any  in  the 
United  States,  For  steam  and  domestic  ])urposes  it  I'anks 
high,  and  is  considered  equal  to  any  coal  that  reaches  that 
market.     Situated  as  it  is,  inimediatelv  on  the  sea-coast, 


11 


it  can  be  delivered  dire<;tly  to  tlieeoiisumer,  by  theclieap- 
est  possible  mode  of  transpoitiitioii — l)y  vessels  plying 
directly  between  the  coal  lields  and  the  nuirket — thus 
avoiding  changes  involving  injury  to  the  coal  an<l  ex- 
])enseot'  handling.  These  ai'e  considerai ions  which  give 
this  coal  (Iccidedly  the  advantage,  if  not  the  virtual  con- 
trol of  the  bituminous  coal  market  of  the  chief  cities 
of  the  Union. 

The  position  of  tlie  ])rinci])al  coal  fields  of  the  United 
States,  and  the  cx})cnse  of  rrans{)orting  the  coal  to  the 
Atlantic  seaboard  markets,  are  iiicts  which  strongly  sus- 
tain this  conclusion.  The  })rincipal  gas-producing  coals 
of  the  United  States  are  situated  west  of  the  Allegliany 
Mountains,  and  to  reach  the  sea-board  cities  and  manu- 
lactnring  towns  of  the  Eastern  States,  it  is  transported 
over  three  hundred  miles  by  railway  to  tide-water  ;  cross- 
ing the  mountains  at  an  elevation  of  two  thousand  feet 
above  tide,  and  is  thence  trans-shipped  to  coasting  vessels, 
and  by  them  transported  to  the  cities  or  towns  along  the 
coast. 

All  coal  mined  in  the  United  States  is  subject  to  an 
Internal  Keveime  tax  of  8  1-2  cents  per  ton. 

Contrasting  the  Nova  Scotia  coal  and  its  advantages  of 
position  and  quality  ;  the  i'acilities  of  transporting  and 
delivering  it  to  the  great  market  of  the  United  States ;  the 
cheaj)  labor  and  materials  of  Nova  Scotia — contrasting 
these  with  American  gas  coal,  and  its  disadvantages  of 
position  in  reterence  to  the  .sea-board  market;  its  expen- 
sive transpoilation,  the  high  })rice  of  labor,  of  forage,  of 
machinery,  im})lcments,  and  every  description  of  materials 
re(|uired  for,  and  enterino- iuto  the  business  of  mining  and 
transporting  coal  to  market,  and  it  is  believed  that  there 
need  be  no  ai)})rehension  as  to  the  ability  of  Nova  Scotia 


12 


coal  to  compete  successfully  with  American  coal  in  the  mar- 
kets of  tlie  sea-board  States.  It  is  proper  to  state  that  ai'- 
raiigemeuts  arc  in  })r()gress  for  the  introduction  and  use  of 
English  steam  vessels  m  tlie  Nova  Scotia  coal  trade,  which 
will  insure  greatly  increased  economy  of  transportation, 
and  greater  regularity  and  celerity  in  the  delivery  of  this 
coal  in  market. 

Tlie  vessels  })roposed  to  be  used  are  of  the  sam^  des- 
cription and  model  as  those  in  the  Newcastle  and  London 
coal  trade,  and  are  especially  designed  and  constructed  for 
the  transportation  of  coal. 

Substituting  steam  vessels  in  the  place  of  sailing  vessels 
in  the  coal  trade  of  Nova  Scotia,  will  as  surely  produce 
the  same  favorable  results  in  that  trade  as  have  been  re- 
alized by  their  introduction  in  the  Newcastle  and  London 
coal  trade.  One  screw  steamer  in  that  trade,  with  a  crew 
of  twenty-one  men,  performed  in  one  season  the  work  of 
sixteen  sailing  vessels  of  the  class  formerly  in  that  trade, 
requiring  one  hundred  and  forty-lour  hands  to  man  them. 

This  is  a  fair  illustration  of  the  extraordinary  econo- 
mical results  produced  by  the  application  of  steam  as  a 
moving  power.  Calling  to  our  aiil  this  great  element  of 
power,  and  applying  it  to  the  transportation  of  coal  on 
sea  and  land,  the  cost  of  conveyance  will  be  materially 
diminished;  distance  will  be  eilaced  and  routes  multi- 
plied ;  the  perils  and  iri'egularities  of  navigation  reduced, 
new  markets  opened,  and  the  coal  trade  of  New  Scotia 
established  oh  a  basis  which  tarill's  and  commercial  limita- 
tions will  scarcely  reach  or  permanently  impair. 

The  abuntlance  and  superior  quality  of  Nova  Scotia 
coal  being  well  established,  the  ])rinci})al  question  con- 
nected with  the  value  of  investments  of  ca])ital  in  these 
coal  mines  anil  in  railway  and  steam   vessels  connected 


K- 


tarn 


18 


I 


therewitli.  is  tlie  penriiineiiev  and  pr»)S})eritv  of  this  trade, 
juid  the  aiiiount  ol'tniHic  that  will  he  civjitrd  thereby. 

The  ineiisiin'  of  this  business  will  be  according  to*  the 
demand  lor  this  coal  in  the  market. 

The  continutMJ  prospt'ritv  of  the  coal  trade  of  Nova 
Scotia  will  iniiinly  depend  oii  the  facilities  of  reaching  the 
markets  of  the  United  States  and  Canada,  and  the  other 
British  North- American  Provinces.  The  continued  de- 
mand for  mineral  fuel  in  those  markets,  with  increased 
facilities  of  transportation,  the  South  American  and  West 
India  market  will  open  a  wide  lield  for  the  sale  of  coal. 
The  coal  tields  ot  Ni)va  Scotia  arc  well  nigh  inexhausti- 
ble, and  arc  equal  t(»  any  demand  tiiat  can  be  made  upon 
them. 

In  «!onsi(lcring  the  (juestion  of  consum[)tion  and  de- 
mand for  this  coal,  it  is  well  to  briefly  refer  to  the  coal 
trade  of  the  rnited  States. 

The  history  of  this  tra<le.  from  its  conuutMicement  in 
1820  to  the  present  time,  is  a  subject  of  mu(^h  interest 
and  illustrates  the  i'a|»id  growth  and  increased  demand  ol" 
the  American  coal  market.  The  amount  of  coal  pro- 
duced, and  the  amount  imported  for  a  particular  market 
for  a  long  term  of  years,  may  be  regarded  as  a  Just  crite- 
rion by  which  to  judge  ol'  the  consumption  and  require- 
ments of  that  market. 

In  the  year  bS'2(>  the  American  coal  trade  nuiy  be  said 
to  have  commenced,  and  the  anioutit  of  coal  forwarded  to 
market  (hiring  that  year  was  865  tons.  At  that  date  the 
poj»ulation  of  the  United  States  was  9,688.191.  From 
that  date  to  the  present  time  there  has  been  a  rapidly  in- 
creasing demand,  and  the  amount  of  coal  reaching  that 
market  has  gone  u]).  from  this  small  beginning  in  1820, 
to  14,000.000  tons  in  1860,  to  16.000,000  tons  in  1864,  to 


14 


17,500,000  tons  in  1865,  and  to  20,000.000  tons  in  1868. 
showing  an  average  annual  iiurrease  of  484.557  ton.s 
for  the  long  term  of  forty-six  years.  The  population  of 
the  United  States  has  increased,  from  9.000,000  in  1820, 
to  23,000,000  in  1850,  to  31,000,000  in  1860,  and  to 
37,000,000  in  1866, 

The  question  as  to  how  far  we  can  rely  on  the  experi- 
ence of  the  past  in  forming  an  oj)inion  of  the  probable 
future  consumption  of  eoal  in  the  United  States,  remains 
to  be  considered,  and  on  a  subject  of  so  much  im])ortance 
we  may  be  allowed  to  add  some  reflections  as  to  the 
causes  which  are  now  and  will  continue  to  influence  and 
increase  the  consumption  of  coal :  In  lorming (conclusions 
as  to  the  future  growth  of  this  tnide  we  must  bear  in 
mind  that  this  is  emphatically  an  age  of  iron  and  steam, 
and  of  progress  in  every  element  of  wealth  and  ])ower: 
that  it  is  difficult  to  assign  limits  to  the  improvements 
and  inventions,  and  to  the  ojx'rations  of  machinery,  the 
extent  of  railways,  of  manufactures,  and  of  commerce, 
which  now  ))enetrate  with  their  civilizing  influences  re- 
gions and  territories  hitherto  un(»(.'cupied  and  litth' 
known. 

Steam  is  the  moving  power  of  this  ])r()gressive  age. 
Wherever  mechanical  operations  of  any  description  are 
performed,  th«'re  will  be  found  steam,  and  the  simplest  as 
well  as  the  most  complicated  handy-craft  work  is  essen- 
tially aided  by  machinery  moved,  in  most  cases,  l)y  steam- 
power.  In  manufacturing  e.stal)lishments,  of  the  present 
day,  labor  consists  chiefly  in  setting  machine«fcin  motion 
and  directing  Irhrtr  action. 

It  is  the  triumph  of  mind  over  matter,  and  the  most 
astute  mechanician  will  not  venture  to  flx  uj)on  the  limit 
to  which  human  labor  will  be  reduced  in  the  ditt'erent 


W-. 


i~% 


15 


bnuidu's  of  iniviiufactiires  1)V  the  extrnordinnry  inventions 
of  this  n<ro,  and  the  application  and  snbstitution  of  ma- 
chinery. The  application  of  steam  j>ower  lias  led  to  the 
developemeiit  <»f  mechanism.  In  no  country  in  the 
world,  except  Kngland,  have  useful  and  ingenious  me- 
chanical inventions  and  machinerv  been  more  extensively 
applied  to  nnmufacturcs,  and  to  every  branch  of  industry, 
than  in  the  United  States.  Steam  is  usually  the  moving 
|)ower,  and  it  is  coal  that  generates  that  power. 

T\\(i  rapid  increase  of  population,  manufactures  and 
wt?alth  of  the  United  States,  the  uni)recedented  growth  of 
towns  and  cities,  the  application  of  steam  to  every  branch 
of  industry,  and  to  almost  every  avenue  of  transit — to 
the  thousands  of  miles  of  inland  navigation,  to  the  im- 
mense conmiercial  and  naval  marine  of  the  United  States, 
to  her  great  system  of  railways,  which  is  now  assuming  a 
continental  character,  reaching  out  its  long  iron  arms, 
crossing  the  vast  i)lains  of  the  west  and  the  rocky  moun- 
tains, and  soon  t<>  unite  by  an  iron  band  the  Atlantic  and 
Pacific  Oceans — a  system  of  railways  which  covers  every 
state  with  a  net  work  of  iron  lines,  and  which  already 
reaches  in  extent  an  aggregate  of  40,()()0  miles,  to  which, 
if  we  add  tlu^  second  track,  sidings,  kc,  won...  give  suf- 
ticicnt  linear  extent  of  track  to  twice  girdle  the  earth  at 
the  c(|uator — A  system  of  railways  which  precedes  civili- 
zation in  its  rapid  march  across  the  great  plains  of  the 
West,  bringing  into  its  embrace  the  vast  mineral  treas- 
ures of  regions  unknown  a  few  years  since,  except  to  the 
adventurous  trajijier  or  the  inti-epid  explorer. 

For  all  these  pur[)oses  there  is  an  immense  consump- 
tion of  coal.  These  railways  must  sooner  or  later  use 
coal  as  fuel,  and  already,  owing  to  the  scarcity  and  high 
price  of  wood,  this  fuel  is  made  use  of  on  the  railways  of 


16 


aevoml  of  tho  Stuk«;  iiiid  u  rnsort  to  coiil.  at  an  early 
(late,  on  most  ot'thesi'  niilwavH,  is  iiiiavoidaWlo. 

On  tho  great  plains  of  the  wost  there  is  no  wood,  and 
the  only  fuel  that  can  there  he  used  for  steam  purposes 
is  coal.  Very  soon  eoid  must  Im'  used  as  the  prineipal 
fuel  on  the  larger  portion  of  the  r.iilways  ol'  the  United 
States. 

From  statistics  laid  before  the  Ameriean  Iron  Assoi.'ia- 
tion,  by  S.  .1.  Hkksk.  Ks(|..  it  appears  that  the  average 
(puintity  of  rails  laid  fron\  l8-t'>  to  18H0.  in  the  United 
States,  was  eighty-one  tons  to  the  mile,  anil  that  the 
quantity  lor  laying  and  renewing  the  track  was  one  hun- 
dred and  eighteen  tons  per  mile. 

There  were  4.511  miles  of  railroads  in  operation  in  the 
United  States  in  1H45.  and  in  18<>0  there  were  8l.lb."> 
miles — showing  an  increase  in  this  length  of  time  of 
2H.674  miles.  There  are  at  the  present  time,  as  before 
stated,  40,000  miles  of  railroads  in  operation  in  the  United 
States,  which  have  been  constructed  at  a  (rost  of  tifteen 
hundred  millions  of  dollars,  and  this  vast  sum  nnist  con- 
tinue to  in(M"ease  for  many  yeaiv.  at  a  rate  ol'  about 
seventv-tive  millions  of  dollars  amiually. 

Kverv  mile  of  railway  bnilt  calls  for  increased  supjily 
of  iron  for  rails,  for  matdiinerv,  and  for  rej)airs  and  re- 
newals. The  iron  Ibr  railways,  and  all  other  jnirposcs.  is 
produced  by  the  eonsujn|)tion  of  a  large  amount  of  coal. 

In  the  manufacture  ol'  iron,  in  the  United  States,  ex- 
perience has  shown  that  from  three  to  live  tons  of  coal 
are  consumed  for  each  ton  of  pig  iron  mamifaetured.  At 
works  using  bituminous  coal,  four  tons  of  raw  coal,  to  be 
lirst  coked,  is  consumed  in  manufacturing  one  ton  of  j)ig 

"    d  to  make  one 


pig 


reqi 


ton  of  rails.      Two  tons  of  coal  are  requiretl  U)  convert 


I 


I 


tlic  \)'u^  iiitit  mils.  'riiriTfni'c,  tlic  totiil  <|ii;mtity  ol'  cojil 
coiisiiiiu'd  |M'r  toll  of  Tiiils  iiiMimfitctuiTtl  is  s<'\»'ii  mikI 
tlirt'('-(|iiiii tcr  tons.  Tlic  uniouiit  <•!  Aiiicri'-m  rails  iiiiiii- 
iiliictiircd.  iioiii  lHr»(i  to  1H()(>.  wiis  1.4r)0.(MM»  tons.  :in<l  in 
tlicir  niMnutiictiii't'  1  l.OOO.ddt)  tons  otCoal  were  consuinrd. 

To  sii|t|>lv  tliis  j^Tcat  cxtrnl  o|' railways  with  inacliiiu'rv 
a  laiyc  ainoniit  ol'  iron  is  annually  rccjuinMl.  The  niiru- 
hcr  of  locomotives  nianiilacturcil  in  flic  rnitcil  States  in 
\Hi\()  was  47o.  and  tlic  capital  invested  in  these  works 
$i-{.4fS2,r)9'2.  The  \aliic  ol'  the  (Migines  made  was 
$4-.8()<;.H<M»— e<|ual  to  SlO.;};')")  I'ach.  ' 

There  were  14'.i.0()(l  cast  ii'oii  car  wheels  nianutiu'tiired 
in  IbiMK  valued  at  I'J.O^H.J'.oO.  and  the  capital  invested  in 
this  hrancli  of  niannractnres  is  $l.22M.700. 

Machinists'  and  niillwi'i^dits"  work,  in  lisr)0,  |)rodneed 
machinery  \alue(|  at  S27.Wi>S.844.  and  in  I8<i(>  the  .surne 
Itraiich  ol' production  was  valued  at  $4(l()44r.oyH,  showing 
an  increase  of  $lH.«)4(>.lo2.  or  U().t)  per  (H'lit.  Iron  t'org- 
iiiii.  in  lM(i(>.  tiir  shal'ting.  tor  railway  axle.s.  for  anchors, 
\-c..  ki:.  was  valued  at  !it;1.907.4r)(). 

The  anioiuit  of  rails  nianulactured  in  the  L'ni ted  States 
at  the  present  time  is  not  less  than  HOO.OdO  tons  [)er  an- 
num, with  an  ultimate  cajiacity.  of  the  present  mills,  of 
double  that  (piantity.  The  rails  req\iired  for  all  the  rail- 
road conijianics  of  the  I'liited  State.s.  iiicduding  the  large 
amount  re(piired  liy  the  (lovernnieiit  f()r  military  pur- 
poses for  three  years  from  June.  18()1.  to  .Iniie,  18H4, 
were  supplic<l  l»y  Anicri-an  mills,  excepting  20H,000  tons 
iinporte(l  dui'ing  that   pei'io(|. 

The  production  of  pig  iron,  in  Pennsylvania  alone,  ac- 
cording to  returns  of  the  C'onunissioner  of  Internal  Reve- 
nue, is.  in  I'ound  numhers,  o(>,00()  tons  per  nu^nth,  or 
60U, 000  tons  ])er  annum. 


18 


Of  the  followin<r  articles  of  iron  manufacture,  viz. : 
rails,  re-rolled  and  new  rails.  l)aiid  liooj*  and  |)lat(>  iron, 
bars  and  blooms,  rivets,  cut  nails,  heavy  (.-iistings,  hollow 
ware  and  stoves,  and  steel  unwroujiht,  the  [)roducti()n  for 
the  year  ending  June  80tli,  ISH-l,  was  1.001.851  tons,  val- 
ued, ineluding  marine  engines  and  other  iron  and  steel 
manufactures,  at  $179,811,788.  The  jtroduction  of  pig- 
iron  in  the  United  States  I'oi-  the  year  er  ling  .June  1st, 
18H0,  was  987,559  tons.  In  the  manutiictnre  ot'this  hirge 
iimonnt  oC  ])ig.  wi-ought  iind  ciist  ii'on  iind  steel,  the  eoii- 
sam|)tion  of  eoiil  was  prohahly  not  less  tlum  12.0(10.000 
oi'  tons,  which  must  he  hirgely  inerensed  li'oni  ye;ir  to 
vear.  according  ti>  the  rapid  inercasi'  in  the  jiroilnction  of 
iron. 

Among  othei' c;mses  of  inerensed  consumption  .mikI  de- 
mand H)r  cojil  in  the  I'liited  St;ites  is  the  hii'ge  jimouiit 
requir(>d  for  the  niiimitiicture  of  gas,  for  which  |iui'|)ose 
Nova  Scotia  eoid  takes  precedence.  There  ai'c  iit  present 
tonr  hundred  iind  twenty  gasworks  in  the  I'liittMl  Stales, 
having  an  aggregate  capital  of  .So  1.(520.940.  These  works 
consume,  prolialily.  not  less  than  7<MI.(>(Ml  tons  of  coal 
annually. 

The  foregoing  statistics  siiow  that  there  is  annually  an 
immense  consumption  ol'  coal  in  the  Initecl  States,  and 
that  the  rapid  increase  ol'  population,  the  inc'case  of  man- 
ufactures of  e\-ei'y  description,  the  great  extent  of  I'ail- 
ways  and  steam  navigation,  fni'thcr  show  that  the  eon- 
sumption  of  coa'  will  ill  like  manner  increase  and  extend 
cori'espondingly.  and  will  lor  all  time  to  come  make  this 
a  permanent  and  valualilc  market  lor  the  coal  of  Nova 
Si'otia. 

The  coal  market  of  Canada  is  regarded  as  only  second 
to  that  of  the  I'nitcd  States  lor  this  i-oal. 


J0^ 


f 


10 


With  ill)  (Miti'rj)i'isiii<j;  [jopuhitioii  of  four  millions  of 
inliiil)it.iiiits,  with  iiii  extent  of  territory  of  iibout  four 
hundred  thousand  scjuare  miles,  possessing  all  the  ele- 
ments of  national  greatucss.  Caiuula  assumes,  under  her 
new  }»olitieal  I'elatious.  a  most  imjM)rtant  position.  Con- 
fecjeration  will  remove  the  shackles  of  Proviicial  tutelage 
and  at  once  elevate  the  Provinces  to  tlu  dignity  and 
power  of  indeiKMulcnt  States. 

Politically  and  commercially  the  people  will  think  and 
act  for  themselves. 

They  will  no  longer  occupy  a  tiependent  position,  witli- 
out  that  power  and  fret'ilom  olfaction  and  thought  which 
inspires  local  patriotism  ami  elevates  a  whole  people  to 
that  i'onsciousness  of  strengtli  and  sell-reliance  which 
alone  can  gi\'e  tliem  national  character.  Her  legislation 
will  l)e  ilirected  to  thos(>  measures  which  will  pi'omote 
the  geiH'ral  good,  and  lirmly  cenu'iit  the  union  under  one 
go\"eriujien1.  'I'lic  resources  ol'the  whole  country  will  he 
devcl()ped.  Comnu'i'ce  and  mi">ul'actures  will  receive  a 
powerful  impetus,  and  a  wide  Held  for  commercial  enter- 
prise will  lie  o]»eiied.  Canada,  with  lier  two  thousand 
miles  of  I'ailways.  her  magnilicciit  ship-canals  and  long 
line  of  internal  steam  na\igation,  is  well  prepared  for  this 
new  <'ra.  ami  will  rapidly  increase  in  ))o})ulation  and 
wealth,  and  reccixe  those  lasting  heiiehts  to  which  she  is 
entitled  through  these  adxantages. 

The  commercial  relations  ol'  (^inada  and  Nova  Seotia, 
unite(l  as  thev  ai'c  undi'i'  confederation,  will  he  reci])roeal. 
ami  these  Pro\inces  will,  through  their  geographical  posi- 
tion ami  natural  resouix-es.  hecome  the  ruling  States  of 
the  Dominion.  Tlw  Inter-coloinal  Kailway,  wdiich  is  the 
spinal  column  of  the  conlederacy,  will  sustain  and  unite 
the    Provinces  in  an   intlissoluhle   union,  politically  and 


20 


commercially,  and  will  be  the  great  medium  of  social  in- 
tercourse  and    trade.       Nova   Scotia,   through    this  and 
steam  navigation,  will  be  sui)])lied  with  the  brcadstuMs  ot" 
Canada  :  and  Canada,  in  turn,  will  receive  her  supplies  ot 
coal  from  Nova  Scotia,  of  which  the  former  has  none  and 
the  latter  a   superabundance.      With  the  advantages  ol' 
steam  navigation  and  railway  conuuunication  from  Nova 
Scotia  to  all  parts  of  C^mada.  a  most  valuable  and  exten- 
sive nnvrket  will   be  opciuMl  for  the  coals  of  Nova  Scotia, 
and  the  demand  for  mineral  lucl  will  continue  to  increase 
as  the  population  and  tradr  ol'the  Dominion  increases. 

With  an  almost  inexhaustible  supply  of  coal  of  the 
most  superior  quality  for  H*i7  purpost\  it  oidy  reiiKinis 
for  this  Company  to  nvail  themselves  of  the  advantages 
of  their  position  to  nsili/c  large  dividends,  and  attain  ;i, 
position  whirh  will  place  this  vjilnablc  property  oi,  a 
basis  insuring  controlling  inlln<Mice  and  lasting  success. 

'ro(h>this  it  is  only  rtMpurcd  to  construct  an<l  eq-ip 
twelve  miles  of  railway,  wliicli  will  connect  the  mines 
with  a  most  superior  harbor,  and  extend  the  workings  of 
the  mines  to  such  an  extent  as  will  keep  the  road  in  con- 
stant and  prolitable  employment. 

The  charter  autliori/cs  the  Company  to  trans()ort  pas- 
sengers au,i  :'ll  descriptions  ol'  freight,  and  to  transact  all 
other  business  necessary  and  usually  performed  on  rail- 
ways. lndepend(Mitoltlie  great  coal  tralhc  the  miscella- 
neous business  ol'the  railway  will  probably  prove  to  be  a 
considerable  source  of  rexi'iuie. 

The  Itoiids  of  the  Company.  t)ased  on  such  an  extensive 
and  valuable  property,  will,  it  cannot  tu"  doiil>ted.  be  re- 
garde<l  a  lirst  class  security.  i.;id  as  such  tlay  all'or.l  a  fa- 
vorable opportunity  lor  prolitable  and  safe  investmi'iit. 


21 


^PPIllI^rDIX. 


^  ■ » 


[A.l 
ACTS 

ixcorporatixc;  thk  ixtkhvation  al  c'oai-  and  railway 
Company  (»k  Cai'K  Bkktox,  Nova  Scoiia,  as  the  same 
have  hekn  amended  and  as  tiiky  are  n<»\v  in  korck. 

[Acts  of  ma.  '«5,  T)(),  ami  'tiT.] 

fie  it   Enacted  Inj  the   (jovenior,    Connci/,   and  Assembly,  as 
folloics : 

1.  John  Jacol)  Astor.  Jr.,  C.  Godtrev  Guutlier,  Henry 
Day.  and  Gcoi-u-e  T.  Adee.  all  of  New  York,  then-  asso- 
ciates, sncccssoi's.  and  assigns,  arc  licreby  constituted  a 
liody  ]»olitic  and  coi'iuti'atc  hy  the  name  of  the  Interna- 
tional ('oal  and  Railway  Coiniiany.  tor  the  purpose  of 
j)urehasin^'.  holding',  leasiusi',  and  selling-  mines  and  min- 
ing rights,  and  of  opening  and  working  the  same  in  the 
coiintv  of  Cajic  l-ireton,  iiiid  ti'ansacting  all  husiness  con- 
nccte(l  thcri^witli.  ami  for  the  purchase  and  sale  o\'  coals; 
for  holding  and  conv(ying  i'(>al  estate,  mills,  and  machin- 
ery; for  niaiiufactMring  and  selling  coal  oil,  and  b(n"ing 
;ind  obtaining  the  sanu'  from  the  earth,  and  for  othc  pur- 
poses connected  therewith  ;  lor  the  constriicting  and  o])er- 
ating  railroad  and  hranch  roads;  for  tlu^  transjiortation  of 
coal,  coal  oil.  and  other  freights  li'om  the  mines  of  this 
Company,  oi'  from  other  coal  mines  in  the  county  of  ('ape 
Breti>n,  to  one  or  mere  |)laccs  of  transhij)iaeiit,  and  for  the 


■f-frjit^"*-  ■fts^vB 


22 


transporting  of  passengers  and  freight  over  such  road  or 
roads  and  all  other  business  ueeessarv  and  usually  per- 
formed  on  railroads;  for  constructing  and  holding  such 
wharves,  docks,  and  piers  as  may  be  necessary  tor  the 
business  of  the  Com})any. 

2.  The  capital  of  the  Company  shall  be  one  million  of 
dollars,  divided  into  twenty  thousand  shares,  of  lifty  dol- 
lars each,  which  shall  be  ])ersonal  property,  and  transfer- 
rable  only  on  the  books  of  the  Company.  The  Corpora- 
tion shall  have  power  to  ini'rease  their  capital  stock  by 
the  issue  of  new  shares  by  a  vote  oi'  the  majority  of  tlie 
stockholders  in  interest.  Any  Coal  CV)mpany  or  other 
Corporation,  either  foreign  or  incorporated  in  this  Pro- 
vince, may  own  aii<l  transfer  any  stock  in  the  said  Com- 
pany. The  said  Corporation  shall  have  power  to  boiTow 
money  t)y  a  vote  of  two-thirds  of  the  Directors,  for  tlu> 
purpose  of  operating  its  mines,  building  and  c(puppiiig 
said  raih'oad,  and  to  issue  bonds  I'or  the  same,  l)enring 
interest  at  the  rate  of  not  more  than  six  [)er  cent,  per  ;m- 
num,  st'cured  by  a  moilgage  on  all  the  property,  real  and 
personal,  of  th(>  said  Comi)any,  including  mining  I'ights. 
railroad,  and  rolling  stock,  to  Ixi  put  on  the  same,  or  [por- 
tions of  the  said  property.  The  said  mortgage  shall  Ite 
e.\e('Ut('<l  in  due  lorm  of  law  to  pass  n  al  cstalc.  and  shall 
be  recor(lc(l  in  the  oliiee  ol'  the  Registrar  of  Deeds  of  the 
Countv  of  (,'ape  Breton;  and  from  the  time  of  reeordinii 
said  mortgage  it  shall  heeome  a  lien  on  said  pro])ei't\' 
mentioned  in  the  same,  prece(leiit  to  all  other  sul)se(pient- 
Iv  ae(piired  i-laims  against  the  said  Corporation.  Tlie  in- 
terest and  jtrincipal  of  said  bonds  may  he  made  payable 
in  llalitiix.  London,  or  New  York.  The  said  Company 
shall  not  go  into  oj»eration  until  tW(Mity-ti\-e  jier  cent,  of 
the  I'ajiital  stock  is  actually  paid  up. 


►  ♦- 


28 


mm 


hi- 


8.  The  tirst  meeting'  of  the  C()ni))any  shall  be  held  at 
such  time  and  place  in  this  Province,  or  in  the  United 
States  of  America,  as  any  thrc(>  of  the  Cor})orators  shall 
determine,  of  which  public  notice  shall  he  given  in  two  of 
the  Ilalitiix  newspapers.  ;it  lc;ist  twenty  days  })revi()us  to 
snch  niectinii'.  at  which,  or  any  snlisetjnent  meeting,  the 
Company  may  l)c  ortiaiii/ed  l»y  the  election  of  a  Board  of 
Directors,  of  not  less  than  thrc(^  nor  more  than  nine,  of 
whom  three  shall  he  a  <pu>riiiii. 

•4-.  No  mend)erof  the  (\>mpany  shall  be  liable  in  his  per- 
son or  separate  estate  Ibi-  the  debts  of  the  Com])any,  to  a 
greater  amount  than  the  stock  held  by  him.  deducting  there- 
from the  amount  actually  j)aid  to  the(^)m])any  on  account 
of  such  stock,  unless  he  shall  have  ivndered  himself  liable 
for  a  greater  sum  by  becoming  surety  for  the  debts  of  the 
Company;  but  no  stockholder  who  may  have  transferred 
his  interest  in  the  stock  of  the  Comj)any,  shall  eease  to  be 
liable  for  any  contracts  of  the  Company  entered  into  be- 
jlii'c  the  date  of  snch  transfer,  unless  he  shall  have  paid 
up  in  full  for  his  stock',  so  ;is  any  action  in  respect  of 
such  liability  shall  be  brought  within  six  months  after 
such  transfer. 

o.  'i'lie  m(>etings  of  the  (*om|iany  shall  be  held  at  such 
place  as  the  Directors  may  appoint,  ami  at  every  annual 
miH'ting  they  shall  elect  a  rccogni/cd  manager  or  agent, 
I'csident  in  this  Province,  services  on  whom  of  all  process- 
notices  and  other  dociuncnts  shall  be  held  to  be  sufficient 
ser\ice  on  the  Company,  and  the  name  and  address  of 
siicii  agent  shall  be  IIUmI  with  the  J-Jegistrar  of  Deeds  of 
the  County  wlici-e  the  principal  works  of  the  Company 
are  situate,  and  in  case  ol'  the  absence  of  such  agent  from 
the  i'rovince.  or  douitt  of  absence,  service  of  process  mav 


24 


be  made  by  affixing  a  copy  u|)on  some  cons})icn()as 
building  or  office  of  the  (.ompany  within  tiie  county 
where  the  pro])erty  is  hxiated, 

6.  The  Company,  as  soon  as  the  same  shall  Imve  been 
organized  and  the  sum  of  twenty-tivc  i)cr  cent,  piiid  in  on 
account  of  the  stocic  taken,  nuiy  ))r()('Pod  to  construct  mil 
roads. 

7.  The  Corporation  may  o|)cn  books  for  tlie  snbscri])- 
tion  of  stock,  in  one  or  more  jilaces  out  of  the  Province, 
as  also  books  for  transference,  may  a|)p()iiit  officers  for 
the  same,  and  piiying  of  interest  and  dividends  for  the 
v\diole  or  any  ]iart  of  the  stock,  with  agencies  and  i)rancli 
offices  for  th(»  purjioscs  of  tlu^ir  incoqjoration. 

8.  Wlienev^er  it  shall  be  rcqnisitc,  in  the  construction 
of  any  rail  road  contemplated  l)y  this  Act,  that  this  Com- 
pany should  be  inycstcil  with  th<^  lands  over  which  the 
same  shall  pass  and  contiguons  thereto,  for  the  tract  of 
the  r()a<l  and  lor  stations,  and  for  the  ])ui'posc  of  trnnshi}^- 
nient.  and  no  agreement  can  be  made  foi-  the  purchase 
thereof,  it  shall  be  lawftd  i<>r  the  Dii-ectors  to  apply.  l)y 
petition,  with  a  plan  annexe(|.  to  any  one  of  the  .iudges 
o|'  the  Supreme^  Coui't  of  this  Province,  setting  forth  the 
natnrc  and  situation  of  the  lands  re(piire(l.  the  names  of 
the  ownei's  or  occupiers  thereof,  and  praying  a  conveyance 
of  the  same  to  the  (\)nipany.  \Vlici'eu|ion.  such  ,ludge 
being  satisfied  that  the  lands  ai'c  recpiired,  and  are  not 
more  extensixc  than  nia\'  be  reasonably  necessary,  shall 
ap])oint  a  tinu'  and  jilace  for  the  consideration  of  sneh 
petition,  and  shall  direct  a  projier  notice,  in  writing,  to  be 
served  upon  the  ownei's  or  oecupiei's  of  the  lands,  if  in 
the  Province,  and  to  t)e  published  for  tlie  period  of  one 
month,  in  at  least  two  mnvspapers  published   at    Malifiix. 


2;-) 


iiiid  also  ()iu>  iif\vs)iai)(M-  of  tlic  coniitv  where  the  lands 
lie.  if  there  lie  aiiv.  I'einiirinjr  them  to  attend,  at  such  time 
and  jdaee,  |)ersonally  or  hy  attorney  :  and  the  Judge  shall 
reiiuire  the  Directors  to  nominate  one  a|>]>raiser.  and  sucdi 
owners  to  innte  in  naniin<'-  another  a|)i)raisor,  and  the 
.lnd;it'  shall  iionnnate  a  third  appraiser.  Hut,  in  ease 
such  owners  do  not  attc^id.  or  sliall  rel'use  or  netrleet,  oi' 
eanjiot  a<iree  to  make  sueh  nomination,  the  .ludtre  shall, 
on  proof  of  such  pul)lieation  or  ser\iee  of  sueh  notice, 
nominate  two  ajipraisers,  and  the  said  (/om])any  shall 
iiomimite  one  ai)prais(M'.  and  the  .lud<ie  shall,  by  an  order 
in  writinii',  direct  the  said  three  appi'aisers  thus  nonuiiated 
to  value  the  lands  so  reipiii-eil  ;  ami  the  a{)praisers  having 
lirst  suhserihed  an  afH(hivit  in  writing,  to  h 
fore  a  .lustice  of  the  Peace,  and  anmwed  to  sucli  order,  to 
the  etVect  that  they  will  liutlifully  maki^  such  a{)praise- 
ment.  shall,  with  all  convenient  speed,  proceed  to  and  ap- 
praise such  land,  aiul  shall  make  sueh  appraisement  in 
writing,  and  return  it  under  the  hands  of  the  appraisers, 
or  a  majority  of  tlu'm.  with  such  order  and  affidavits,  to 
a  .ludge,  who  may  contirm.  modily.  alt(M'.  or  reject  sueh 
appraisement,  oi-  direct  an  appraisiMuent  '/'-  imro.  and  the 
Company,  upon  paying  or  tendering,  tin- amount  oi  the 
appraisc(l  \alue  as  linally  conlirmed.  and  the  e.\])enses  oi' 
the  ownei's  on  such  a))praisement  to  the  owners,  or.  in 
case  ol'  dispute,  to  such  parties  as  the  (\)nrt  or  a    Judji'e 


sers 
sworn  to  be- 


shall  direct,  ami  registering  such  order,  affidavit,  ajjpraise- 
meiil    and    conlirniation.    in    the  oflice  t)f  the  Ueii'istrar  of 


HcimIs  in  the  countv  in  which  the  said   lands  1 


le.   w 


ho 


IS 


hereby  re(piired  to  register  the  same,  shall   be  considered 
the  ownei's  of  such  lands. 


9.  Tlic  liooks  and  accounts  of  the  Company  shall  at  all 


'iir!!^2:!:fiM^^i#?l^ 


26 


times  be  open  to  the  examination  of  such  persv>ns  as  tlic 
Governor  in  (^oinicil  shall  ai)point  tf)  inspect  tlu!  same. 

10.  The  authority  of  .said  Company  to  build  and 
o])erate  a  rail  road  as  herein  provi(U'<l  shall  (;case  and  de- 
termine, unless  the  said  rail  n>ad  shall  be  (^tt'ectually  com- 
menced within  one  year  after  the  lirsi  day  of  July.  ISHH. 
(See  No.  14  and  amendment  1HH7. ) 

11.  A  list  of  the  Stockholders  of  the  said  Company, 
and  of  the  nund)er  of  shares  held  by  eai^h  of  them,  on  the 
first  days  of  May  and  November,  in  each  year,  certiHe<l 
under  the  hand  of  the  President  anil  Secretary,  shall  be 
tiled  in  the  months  of  May  and  November,  in  eacdi  year, 
with  the  Registrar  of  Deeds,  in  the  county  where  the 
principal  works  of  the  Gom[)any  are  situated.  Such  cer- 
tificate to  contain  the  names  of  the  Stockholders,  anil  the 
number  of  shares  held  by  them,  resjyectively,  on  the  first 
day  of  the  month  in  which  such  certificate  is  fdcd.  And 
it  shall  not  be  necessary  to  tile  any  other  ciM'titicatc  of 
transfer,  or  copy  thereof 

12.  It  shall  be  lawful  for  the  (company  to  make  or  con- 
struct a  railway  over  and  iicross  and  roa<ls  in  the  line  of 
the  projected  rail  road,  and  over  and  across  any  rail  roads 
or  tram-roads  and  over  any  rivers.  i)rooks.  or  streams,  sub- 
ject. nevertlx-Icss,  in  such  ciiscs.  to  rc,unlations  to  be  made 
by  the  Court  ol'  Sessions,  to  insure   tlie   safety  of  the   in- 

■  habitants  and  their  pro|)erty. 

13.  The  said  Company  may  subscribe  for.  take.  hold. 
and  dispose  of  stock  in  any  other  incorporation  or<ifaiiized 
or  to  be  ororanized.  for  the  purpose  of  (Constructing  a  rail- 
way from  the  mines  of  this  Company,  o)  from  the  vicinity 
of  the  same  to  any  ])lace  or  places  of  transhij)ment :  the 


27 


said  ('Oiupaiiy  sliiill  he  aiitliorized,  tlir(>ii<rli  its  ofliccM's  or 
other  a^vnts.  ;is  the  Moiii'd  ol'  Diroctors  inay  aj)|)oiiit.  to 
vote  as  a  stoclsholder  and  to  cxeniise  all  other  powers  of 
a  stockhold  -r  in  rehition  to  the  stoek  so  held  hy  them  in 
sucii  incorporation  aforesaid.  Tlie  said  International 
Coal  and  liailwav  (.'oinpaii\  shall  he  authorized  and  em- 
powered to  issue  its  lionds  secured  \}y  a  mortgage  on  all 
or  any  of  its  pro|)t'rty  real  or  personal,  or  to  lend  its  credit 
in  any  manner  they  may  see  111,  or  to  loan  money  to  aid 
in  the  construction  of  such  rail  road  as  is  last  mentioned. 
The  said  Comjtany  shall  ])y  authorized  and  empowered  to 
guarantee  and  secure  the  honds  of  any  such  rail  road 
('onn)any,  issued  for  the  i)urpose  of  building  any  such 
rail  road  as  last  aforesaid,  hy  a  pledge  or  mortgage  of  all 
oi-  any  of  its  pro|)erty  real  or  personal;  or  otherwise;  any 
mortgage  issued  for  the  })urp<)se  mentioned  in  this  section 
shall  l)e  r(>corded.  and  have  the  same  effect  in  all  respects 
as  is  mentioned  in  the  amendment  hereby  made  to  sec- 
tion two  of  the  original  act. 

14.  'I'he  time  limited  for  the  commencement  of  the  rail 
road  is  extended  until  the  tirst  day  of  .lannary.  one 
thousand  eight  hundrecl  and  seventy.  [See  amend- 
ment. 1H()7. 1 

lo.  The  said  f'ompany  shall  have  authority  to  make 
all  such  regulations  and  hy-hiws  as  tliev  may  deem  j)roper 
for  the  management  of  their  Itusiness  an<l  disposition  of 
th(>ir  ])roperty.  not  inconsistent  with  the  laws  of  this 
Province. 


AMENDMKNTS.— 1865. 

I.  The  (^)mj)any  are  hereby  authorized  to  issue  any 
portion  of  their  capital  stock  in  payment  for  mining  rights 


•jt  ''^kii«;  ■Nqifjiji-.r  ■fe{j^.^ga^ 


2« 


or  property,  real  and  personal,  of  any  description,  whicli 
may  be  deemed  necessary  for  prosetnition  of  its  business, 
and  the  stock  so  issued  shall  be  considered  full  paid  stock. 
The  Contpany  are  also  authori/eil  to  j)urchase  ot  the  in- 
ternational Coal  Company,  an  incorporation  or<rani/cd 
under  the  laws  of  the  State  of  New  York,  in  the  I'nited 
States,  all  or  any  portion  of  its  property,  real  and  per- 
sonal, situate  in  the  county  of  Cape  Breton,  and  to  issue 
all  or  anv  portion  of  the  capital  stock  ol' the  Iiiteniatioiial 
Coal  and  Kaihvay  Company  therefor,  which  stock  so  issued 
shall  be  considered  fidl  paid  stock. 

2.  The  International  Coal  and  Railway  Company  are 
hereby  authorized  to  hold  and  use  all  neciissary  wharves, 
piers  and  shipping'  jilaces  lor  the  ac(;omodation  of  such 
vessels. 

8.  The  Board  of  Directors  of  the  Company  are  hereby 
authorized   to  borrow    funds  for  the  deveh>pment  oi'  its 
mines,  and  for  the  prosecution  of  its  business,  and  to  ^ivt^ 
their  bonds  thcnvfor.  either  with  or  without  a  mortiia,u-c  on 
their  property  or  a  i)ortion  of  the  saiuc. 
AMKXDMKNT.— IHHH. 
I.    All   liabilities  incurred   by    the    Intcrimtioual   Coal 
Company  shall  be  assunuMl  by  the  liiteruational  Coal  and 
Kaihvay  Company,  who  shall  be  hehl  lial»lc  therelor.  as  if 
thev    had    been   inciuTcd    by    the    latter    Company:     and 
nothing  in  this  act  or  the  acts  oi'thc  last  session  of  which 
this  is  an  anu'ii.lment.  shall  allect  or  be  eoustrued  toalfcct 
or  })re)udice  pri\ate  riiihts. 

AMPLXDMEXT.     l.sfiT. 
1.   The  time  limited  for  counnenciii<i'  the  rail  ntad  men- 
tioned in  previous  acts,  is  extended  until  the   hrst   day  of 
July,  A.  D.  1870. 


91 » 


MINES  AND  MINERALS. 


CIIAI'TKIJ  i). 

A.N    A<  T    TO   A.MKM)  CmAITKI!   J")   ol'    IIIK   RkVISKI)  StATITKS, 

"  Ok  Minks  ani»  JMinkkai.s,"  and  tiik  Ac 'I" 

I.N    AM1;NI>.M1:NI    TIlKItKOK. 

il'iisKcd  till'  Till  ihiy  of  Miiy.  A.  I).  IWKI.) 

lie   tl   I'nivtiil  liij   llii'    (liiCi'i'imr,    (niiiinl,    dud    .[ssimhl jl,    US 
fuUdirs : 

1.  Lessees  ol'  coal  mines  in  tliis  l^i'ovinee,  tlieir  execu- 
tors. ;i»lniinistr;itor.<.  and  assi<^ns,  liolilino'  leases  from  the 
( Vowii,  or  IVom  the  eiiiel'  commissioner  of  mines,  luiule 
since  tiie  tirst  day  of -iannaiT.  A.  I).  ItioS.  or  herenfter  to 
he  made,  siiall.  upon  ^•i\iniz'  notice  in  writing'  to  the  chief 
commissioner  of  mines,  at  least  si.\  months  ))revious  to 
tlie  expiration  of  such  leases,  respect i\H'ly,  of  their  inten- 
tion to  i-eiiew  sucli  leases,  respectively  for  a  further  jx'riod 
of  twentv  \i'ai's  iVoiu  the  expiration  thereof,  he  entitled 
to  a  renewal  theieof  for  such  extcu<led  term  ujion  the 
same  terms,  conditions  and  covi'naiits,  as  contained  in  the 
oi'iginal  lcast\  and  in  lik'c  manner  upon  giving  a  like 
notice  liefore  the  ex|tii'ation  of  such  ivnewed  term  to  a 
second  renewal  and  extension  of  tei'iu  of  twenty  y(>ars 
from  ;nid  alter  the  ex|iiration  of  snch  reiu'wal  ti'rm.  and 
in  like  manner  upon  gi\'ing  like  notice  liefoi'e  the  ex))ira- 
tion  of  such  second  renewal  lerni  to  u  third  I'enewal  and 
extension  of  twentv  xcai's  from  and  after  the  expiration 
of  such  second  reneweil  tei'in  :  pro\ided  that  at  the  time 
of  giving  siu'li  notices,  and  the  expiration  of  such  terms, 
respect i\'elv.  tlu>  said  lessees,  their  executors,  administra- 
tors, and  assiaiis.  are  and  shall  continue  to   be  bona   tide, 


''«i^'ra.iflkife^&M'''' 


80 


working  the  urt'jis  coiiiprirtcd  vvitliiii  tlitMr  rcspi'ctive  It'iiscs, 
and  eoiuplyinj;'  with  the  ifinis.  coxcnaiits,  mihI  sti|tiiiiiti<)iis 
in  their  rcsitt'ctivr  Iciist-s  ciintaiiM d.  within  the  trnc  intent 
and  nu-anin,!:'  ol'  section  104  of  tlie  Act  hereity  ainen(h'(h 
and  i>fovi(h'd  that  in  no  ease  shall  such  I'enewal  or  re- 
newals extend,  or  he  eonstrned  to  extenih  to  a  period  Ite- 
voikI  sixty  veiirs  I'roni  the  twentv-lil'tli  da\  of  August, 
A.  1).  IHSH.  and  provided  nlso  that  the  Legislature  shall 
be  at  liherty  to  revise  and  alter  the  royalty  imposed  luider 
such  lease  in  or  al'ter  the  year  1(SS<'>. 

2.  After  the  passage  of  this  Act  new  leases  in  accord- 
ance with  its  ])ro\  isions  may  lie  executeil  to  all  jiarties 
now  holding  leases  which  will  expire  in  the  year  1^S86. 

3.  The  General  Mining  Association  shall,  at  the  end  of 
their  lease,  be  entitled  to  a  I'ciKwal  as  respects  each  mine 
that  shall  then  he  worked  hy  them,  upon  the  same  terms 
as  a})[)ly  to  other  lessees,  hut  the  renewed  leasi'  shall  not 
include  in  I'l-spect  of  each  nunc  worked  a  lai'ger  area  than 
would  he  gi-anted  to  other  companies,  so  that  all  lessees 
of  coal  nnnes  may,  after  the  ex])iration  ol'the  Comjiany's 
lease,  stand  on  an  ei^ual  looting  as  regards  artjas  and 
otherwise. 


I  •" 


■> 


i 


81 


■•) 


IB.I 

EXTRACTS  from  the  Report  of  Profs.  J.  P.  Lesley 
and  B.  S.  Lyman,  on  the  Coal  Beds  of  Cape 
Breton. 

AI'Um' some  ^zriicnil  rcniiirks  (tti  tlie  Coal  incasiiro  iind 
the-  imiiilicr  (>r  coiil-lMMls  ol'  (Jape  Breton,  tlicy  in'occcd  to 
Uesi;ril)t'  in  detail,  the  iirineipal  eoal  seams. 

1^  y.  'riii(,'kne.ss  and  (|nalitv  of  the  [ii'ineipal  eoaMiedti. 

'I'lie  II  in  Vkin.  wliere  it  appears  in  the  elilVs  at  the 
Uuidini.''  phiee,  under  40  I'eet  of  slates,  consists  of  four 
niend»ers.  in  all  eight  feet  tliiek  :  viz:  top  slatt;  carbona- 
ceous. eijj,liteen  inches:  soft  Uitnniinous  coal,  ingliteen 
inciies:  solid  liituininous  coal,  lour  feet:  hard  l)ituminous 
(H)al,  twelve  inches. 

Six  feet  uuiy  he  considereij  the  amount  of  jiood  work- 
al)le  coal  in  the  tied  at  this  point.  As  the  workin^rs  ])eiie- 
trated  the  land  towards  the  west,  the  hed  increased  to 
nine  and  even  ten  feet,  the  upj)ermost  member  being  com- 
monly rejected  in  nuniiig  out  the  l)ed. 

'I'he  coal  is  an  excellent  gas  coal,  and  is  exported  to 
Boston  and  New  York  for  use  in  the  gas  works. 

The  II.\HHoU  Vein,  where  it  app(;ars  in  the  cUiVs  south 
'»f  the  harV)or.  at  the  mouth  ol'  Little  Glace  liay.  is  live 
feet  thick,  wliei'c  it  crosses  the  head  of  the  harbor:  at  the 
ni'W  bridge  it  shows  a  solid  breast  of  six  feet.  At  the 
Xori'is  Bank,  ;i  mile  further  inland.  ;md  nearly  hall"  way 
roun<l  the  head  of  the  basin  or  synclinal,  and  at  an  eleva- 
tion of  180  feet  above  sea  le\-el.  it  is  i'eet  thick.  At 
the  Cadigan,  (or  International)  Mines,  in  the  clilVs  to  the 
north,  it  runs  about        feet  thick.     It  has  a  line  sweep 


TsssBsmm 


' 


1^    i 


:\2 


above  s<!ii  level.  Its  coal  is  tinner  and  more  ])oi'tal)le  tlmn 
that  of  the  llul)  Vein,  better  for  raising  steam,  and  not 
so  good  for  gas,  but  yet  a  good  gas  coal.  It  is  a  pnre 
coal,  with  very  bttle  sidphur,  little  ash.  and  high  ealoric 
power.  This  is  the  [»i'ineipal  bed  of  the  International 
Tract,  and  incivases  to  an  average  of  nine  and  a  maxinunn 
of  ehn'cn  I'eet.  (so  rejtorted — not  verilied)  in  the  Block 
House  Basin,  where  it  is  known  as  the  Big  Block  House 
Seam,  and  yiehls  the  ga^  coal  which  liastlu>  highesl  i'e]iu- 
tation  in  the  New  York  ('ity  (Jas  Works:  lieing  con- 
sidered there,  superior  to  any  coal  which  ha/,  as  yet,  come 
to  them  from  the  British  Provinces.  'J'here  seems  to  be 
no  reason  to  doubt  the  identity  o^'  this  Block  House  bed 
with  the  Harbor  bed  ficrtlier  north.  The  beil  does  not, 
oiitcro|)  through  the  Clyde  Tract,  having  been  swept 
away  in  the  general  and  gi'a(bial  ci'osion  of  that  ])art  of 
the  coast.  Its  outcrop  is  under  the  sea,  about  hall' a  nule 
from  shore  at  the  nearest  point. 

T!u>  THKp:p>ro()T  Vkix  was  worked  for  domestic  use 
fornun'ly.  wlu>re  it  crosses  Little  (ilace  Brook  half  a  mile 
above  the  new  bridgx' :  comes  out  upon  the  <  )ast  as  a 
three  foot  bed.  (at  Boutellier's  farm  at  the  old  mine,  now 
destroye(l  by  the  waves)  and  after  crossing  the  (Jrcat 
(ilace  Bay  enters  the  Clyde  clilf'^  as  a  ibur  foot  bed. 
di\ided  into  three  mcndwrs,  the  upper  and  lowci' of  which 
are  u'ood  i  >;,.!.  In  its  course  aci'oss  the  Clyde  Tr;ict.  llu're 
may  i)0  places  where  the  bed  will  bear  mining.  But  in 
its  untried  condition,  it  is  properiv  reject  mI  Irom  the  list 
of  workable  beds.  What  its  condition  may  be  beneath 
the  highlands  of  tin;  Intcn-national  back  tracts  is  not 
known.     In  tin;  Block  House  basin  it  is  \u>t  recognised. 

The  Backi'IT  Bed,    (bur   H'ct  thick,    wIumv  it  crosses 


^ 


' 


irTfl^Blte^ 


SSEfiat»KEEKaLS5£,'fta:L 


',in 


Little  Glace  Brook,  yields  very  beautiful,  rieli.  hard,  ])ure 
eoal,  and  is  })rol)al)ly  a  workable  bed  where  it  comes  out 
upon  the  coast  with  its  outcrop  covered  by  the  sand  and 
water  of  the  raceway  at  the  mouth  of  Great  Glace  Bav. 
But  on  the  opposite  side  of  the  water,  in  tlie  cliffs  at  the 
west  end  of  the  Clyde  Tract,  is  a  worthless  bed  only  two 
leet  thick  ;  althoufih,  what  coal  it  contains  is  good,  and 
lies  between  two  layers  of  clay,  so  that  it  could  be  easily 
mined.  Whether  it  is  restore(l  to  its  natural  size  further 
in  the  Clyde  Tract,  is  not  known.  In  the  Block  House 
basin  no  account  is  taken  of  it. 

The  Phelan  is  a  noble  ))ed  of  coal,  sweepmg  through 
three  tracts,  the  Internation;d,  tlie  Caledonia  and  the 
Clyde,  with  a  great  expanse  and  remarkable  regularity. 
Its  southern  water  level  line,  "'most  })erfectly  straight  for 
more  than  two  luiles,  aud  then  taking  a  grand  sw^eep 
northwestward  and  northard  to  the  mouth  of  Lingan  Bay 
is  the  greatest  feature  of  the  map.  Where  this  line  cuts 
the  clitl's  at  each  end  of  the  Clyde  Tract,  the  bed  is  seven 
and  a  half  feet  thick  where  it  enters  the  north  shore  of 
Great  Glace  Bay,  and  where  its  outcrop  crosses  Little 
(ilace  Brook,  the  bed  in  one  place  haj)pens  to  be  exactly 
eight  feet,  and  in  the  other  eight  iect  two  inches  thick, 
(at  the  east  end,  impression  is,  that  it  is  eight  feet  thick  ; 
but  this  is  got  from  testiinnny.  and  was  not  veritied.) 
How  long  it  keeps  this  r;Miiarkably  equable  character  in 
its  course  northward,  we  only  know  from  one  or  two  ex- 
cellent openings  in  that  direction.  But  at  the  old  Mining 
Association's  abandoned  works  at  the  far  end,  where  the 
outcrop  and  water  level  come  again  together  in  the 
liridgeport  cliffs  at  Lingan  Bay,  the  l)e^l  is  reported  to  be 
oidv  six  or  seven  ieet  thick. 


84 


In  the  Block  House  liasin  it  is  known  us  the  McAulay 
bed  ;  it  is  also  six  t'ect  tliiek,  hut  livo  and  a  half  and  tive 
feet  advancing  u\)  the  coast:  on  account  of  its  extent  and 
thickness  and  quality,  it  may  he  c-onsidered  even  there  to 
be  the  i)rincipal  feature  of  the  Coal  Measures,  as  it  cer- 
taiidy  is  in  all  the  country  to  the  north  between  the  Great 
Glace  and  the  Lingan  Ba3's. 

In  the  (^nality  of  its  coal,  it  resembles  and  is  fully  e<|ual 
to  tlu'  iiul)  Vein  ;  being  a  very  tine  gas  coal ;  pure  in  its 
benches;  solid,  nndivided  bv  anv  slates,  and  sullicientlv 
I'ortahle:  giMicrally  free  from  stdphur.  and  with  little  ash. 
Were  there  no  other  workabk^  bed  in  il  e  region,  the 
superior  (piality  and  incredible  i[uantity  ol  Tiicl  contained 
in  this  one  bed,  on  sliort\  without  working  out  to  sea. 
wouM  make  the  Province  wealthy.  This  will  be  shown 
more  in  detail  in  the  next  section  of  this  report. 

The  liuss  Bkd,  x\t\\  a  still  wider  sweep  than  the  Phelan 
bed  has,  and  underlying  nearly  the  whole  of  the  Interna- 
tional and  Caledonia,  and  the  whole  ol'  the  Clyde  and 
Block  House  Tracts — is  a  nnich  smaller  bed.  On  Glace 
Bay  Brook  it  measures  hve  I'eet  four  inches;  on  Schooner 
Pond  live  feet  six  ;  on  Cow  Ba\  lour  fei-t  l()ur  inches,  on 
the  north  side  of  the  basin  ;  I'urtlier  on.  at  M(d-{ury's  it  is 
over  three  icH't.  But  its  coal  seems  to  be  of  good  cpiality 
e\'(>rvwhere.  not  so  much  as  a  gas  coal,  as  tor  domestic' 
and  manufacturing  uses.  The  bed  has  not  yet  been 
Wf)rked  at  more  tlnui  \\x<>  [>oints  in  its  extensive  outcro})- 
])ing.  and  theretoi' '  may  be  found  of  a  ditferent  ([uality 
elsewhei'c.  in  other  words,  it  may  vary  ;is  the  Harbor 
l^lock  House  I  Iocs,  it  is  the  oidy  bed  {w\\\\  the  excep- 
tion of  the  one  l)elow  it  next  to  he  mentioiu'd)  which 
passes  Schooner  Fond  eastwanh  to  (Mit  through  the  North 
Head  I'romontorv. 


35 


The  L()N(^^  Beach  Bed.  (so  culled  on  Cow  Bay,  where 
it  stands  at  4;")  deg.  s()Utli  ilip,  and  is  three  feet  thick.) 
Almost  evervwliere  outcro[)S  outside  the  limits  of  these 
tracts,  i)Ut  ol'  eoui-so  underlies  them  all,  and  is  very  little 
understood  Beneath  it  art'  two  thousand  i'cet,  and  more, 
ol'  barren  measur(\s,  and  therefore  here  the  description 
ends. 


I     ««IESCCi 


DESCRIPTION   of  the    International   Company's 
Tract,  its  situation,  quantity  of  Coal,  &cc. 

This  consists  of  lour  claims.  (A.B,  C.  D)  tAvo  of  which, 
(A.  B)  arc  each,  half  a  mile  wide,  and  two  miles  long,  and 
ahut  against  the  sea:  while  the  other  two,  (also  nominally 
s<iuarc  mile  claims)  are  of  irregular  shape,  lying  behind 
the  Idrmer.  along  Cadigan's  Brook,  and  wedged  in  be- 
tw(.'cn  the  Glace  Bay  Company's  lands  on  the  east,  the 
Pepperill  Tracts  on  the  south,  the  Boston  and  Bridgeport 
Tract  on  the  west,  and  the  old  Mining  Association's 
Bridgeport  land  on  the  north,  so  that  the  claims  A  B  are 
mineil  from  tlu'  r-oast,  or  by  a  slope  or  shaft  colliery  near 
it.  with  a  shipping  place  at  ihc  mouth  of  Cadigan's  Brook  ; 
wliile  the  Back  claims  C  D.  must  be  nnned  by  shafts  in 
the  neighlioi'hood  of  the  uroposcd  rail  road  to  Sydney. 

The  outcrops  of  the  coal  hcds  strike  wide  curves  across 
these  claims,  as  shown  upo.'  the  luap,  from  north  and 
west  to  south  and  east,  the  highest  land  being  between 
two  and  three  hundred  feet  above  sea  h>vel.  giving  above 
water  a  line,  bi-oad  breasting  ground  of  coal. 

The  IIakhou  Bku  (Cadigan's)  underlies  three-tburths 
of  A  and  half  of  B.  with  a  curve  of  outcrop   .18,500  feet 


36 


|Xy 


(moi'e  than  two  and  a  half  miles)  l()ll'^  and  a  (Mirve  of 
water  level  firani^rway,  the  chord  of  whicli  is  9,500  feet. 

The  Phelan  Bed  underlies  ail  of  A,  B,  (J  ;  with  an 
outcrop  9,000  feet  long-,  hut  a  water  level  gangway  (800 
feet  from  it)  of  only  2,500  feet,  on  account  of  the  peculiar 
shape  of  the  claim.  But  as  this  bed  must  be  wrougiit  by 
])it  and  not  by  entry,  it  does  not  so  much  matter. 

The  Ross  Bed  has  an  outcrop  over  13,000  fei't  (nearly 
the  entire  length  of  tL^  i-^'-k  claims  C,  D)  and  a  nearly 
straight  gangway  water  le.  T  11,000  feet,  with  an  ave- 
rage breasting  above  it  to  the  surface  of  800  or  400  yards. 

The  folldivni;/  Statements  will  show  the  iininhrr  of  tons  of" 
Coal  in  the  Harbor,  IhckiMt,  Phelan  and  Rass  Beds  on  this 
property : — 


I. — In  Claims  A.  and  B. 

Harbor  Bed — Area,  4,2(i8,883  wj.  yds.  (887  acrcK)  has 
Backpit  "  "       (5,745,000        "      (1,;398  " 

Phelan    "  "       0,745,000         "      (l,ai)3  " 

Ross       "  "       6,745,000        "      (1,;«)8  " 

Total  ill  clainiB  A  and  B,        .        .        . 


Tons. 

8,53«,(i()(; 

8,070,850 
18,548,750 
11,!);«,()50 

47,084,0  l(i 


2. — In  Claims  C  and  1). 

Backpit  Bed — Area,  1,440  sq.  yds.  (897.4  acres)  has 
Phelan    "  "      3,190        "      (452.5     " 

Koss         "  "      4,447        "       (919.       " 

Total  in  claims  ('  and  D, 

(irand  Total  in  claims  A,  B,  ('.  1). 


Tons. 

.  2,880.554 
5,901,777 
8,37;{,82(> 

17.110,157 

65.111,07:1 


\ 


\:^ 


\ 


87 


Statement  of  No.  of  Tons  of  Coal  above  Sea  Level. 


1.— In  a  and  B. 

Harlxtr  Bod— Area,  1.75:5,:JO(>  hi].  ytls.  QWZ  acres) 
Backpit    "  "  m,rm        "      (1!) 

Tons  ab()V(!  water  level  in  A  and  B, 


Tons. 
8,500,612 
122,975 

3,(]2!),587 


2.— In  C  and  1). 

Backiiit  Bed— Area,  418,(511    s(].  yds.   (85.5   acres)  . 
Phelan     "  "       912,100  (188.5     " 

Ross        "  "    1,545,000        "         (81 1.      " 

Tons  above  water  level  in  C  and  D, 

Total  No.  of  Tons  above  water  level, 


Tons. 
511.481 
2,482,938 
2,740,660 

5,781,085 

9,410,662 


Note — The  "  Three  Foot "  and  "  Lonj?  Beach  "  Beds  are  not  included. 


"Siiitmmmmmtmm*>r 


^,^.*M3jjmm 


88 


[C.] 

Office  Manhattan  Gaslight  Comi'any,  I 
New  York,  August  30,  1865.  \ 

To  the  Officers  of  the  Tnternational  Goal  and  RaHway  Co.  : 

GrENTLEMEN, 

The  result  of  the  examination  of  an  average  sample 
of  the  coal  from  your  mine,  received  per  schooner  "  Mar- 
garet Ann,"  is  as  follows  : 

One  ton  (2,240  pounds)  yielded  9,500  cubit  feet  of  17-0 
candle  gas.  and  32  bushels  of  coke,  weighing  1,480. 


analysis  of  the  coal. 

Volatile  Matter, 

Fixed  Carbon, 

Ash, 


38.6 

57.1 

4.3 


100.0 
Very  respectfully, 

J.  A.  SABBATON, 

Engineer. 


■■I 


isa 


39 


[D.] 


PROVINCE  OF  NOVA  SCOTIA, 


mtxmXm^X  fioiU  and  failwag  (Kampanjj. 


FIRST   MORTGAGE   BOND. 


£200. 


.Ko,- 


Know  all   men  by  these  presents,  that  the  Interna- 
tional Coal  and  Railway  Company,  a  corporation 
organized   under  and  in   contormity  to  the  laws  of  the 
Province  of  Nova  Scotia,  is  indebted  to  the  bearer  hereof 
in  the  sum  of  Two  Hundred  Pounds  sterling,  lawful  mo- 
ney of  Cireat  Britain,  for  money  loaned  for  the  construc- 
tion and  equipment  of  its  road  from  Sydney,  in  the  Island 
of  Cape  Briton,  to  the  mines  of  the  International  Coal 
and  Railway  Conqtany  at  Bridgei)ort,  in  the  county  of  Cape 
Breton,  including  fourteen  miles  of  railway;  and  in  con- 
sideration of  such  indebtedness  the  said,  the  International 
Coal  and  Railway  Company,  duly  aixthorized  and  empow- 
ered bv  the  General   Assembly  of  the  Province  of  Nova 
Scotia,  hereby  promises  mid  agrees  to  pay  to  the  bearer 
hereof,  on  the  first  day  of  June,  in  the  year  erne  thousand 
eight  hundred  and  eighty-seven,  at  the  agency  of  said 
Cijmpany  in  the  city  of  London,  England,  the  said  sum  of 
two  hundred  pounds  sterling,  with  interest  thereon  at  the 
rate  of  six  [)er  cent,  per  annum,  payable  at  the  agency  of 
said  company  in  the  city  of  London,  p:ngland,  in  semi- 
annual instalments,  on  the  lirst  days  of  June  and  Decem- 
ber in  each  year,  on   presentation   and  delivery  of  the 
interest  warrants  or  coupons  hereto  annexed  ;  and  in  case 


40 


!      { 


of  the  ii()ii-|>iiviii('iit  ofiiiiv  liaH-vciirlv  iustaliiiciit  of  inter- 
est  wliicli  shall  have  Ix'coine  payable,  iiiul  sliall  have  hecii 
(lemandi'd,  il'siieli  delaiilt  shall  eontinue  lor  tlii'ee  iimiiths 


ih 


th 


after  the  luaturity  of  the  said  ii 
this  l)oiid  shall  become  due  in  the  manner  and  with  the 
ell'eet  ])r(>vided  in  the  Deed  of  Trust  or  Mortgage  herein- 
after mentioned.  This  bond  is  one  of  a  series  eonsisting 
of  six  hundred  and  twentv-live  bonds,  each  for  two  hun- 
dred })ouiids  sterling,  numbered  eonseeutively  from  one 
to  six  huiidi'ed  and  twenty-live,  inclusive,  all  dated  the 
first  day  of  A})ril.  in  the  year  one  thousand  eight  hundred 
and  sixtv-seven,  and  the  payment  of  which  is  secured  by 
the  deed  of  trust  or  mortgage  made  by  the  said  company  to 
the  lion.  Samuel  Leonard  Shannon,  of  Halifax.  Nova 
Scotia,  and  the  Honorable  Thomas  D.  Archil)al(l,  of  Syd" 
ney,  Cape  Breton,  Nova  Scotia,  Trustees,  conveying  the 
railroad  from  Sytlney,  in  the  Island  of  Cape  Breton,  to 
Bridgeport,  including  fourteen  miles  cjf  railway  and  its 
ecpiipments  and  a[)pnrtenances,  and  the  franchises  and 
things  therein  described,  together  with  all  the  docks, 
mines,  and  mining  ])ro[)erty  of  the  said  International 
Coal  and  Railway  Coin|)any. 

In    witness   whereof  the  said  company    has   caused 

their  corporate  seal  to  be  hereto  altixed,  and  the 

same  to  be  attested  by  the  signatures  of  its  Pi-e- 

sident  and  S(>cretai'v.  and  the  interest  warrants 

t.    be  signed   by  their  Secretary  this  lirst  day  of 

April,  in  the  year  on(^  thousand  eight  hundred 

and  sixty -seven. 

A.  C.  MORTON, 

; ;  PresideiU. 

:  Seal  of  the  : 

:   Company.  :       ALFRED  MACKAY, 

: :  Secretarij. 


'I 


X 


41 


(Koim    OF   COUPON.) 

C6. — Tlic  riitcriiiitioiial  Coal  and  Railway  company  will 
]iav  flu;  boarer  liercoi  at  tlic  au'i'ncy  of  the  said  ('oni])any 
in  till'  city  of  London.  Mn^u'land.  six  ponnds  stci'lin^''  on 
\\\v  Jirst  thifi  (if  Ihrciiilicr.  lst)7.  bcin^i;'  scnii-ainiual  interest 
dne  on  that  day  on  Bond  No.   1. 

ALFRKl)  MACKAY. 

Secretanj . 


0"'OHM    OF    KNDOHSKMFNT   ON    BOND.) 

No.  

,£200. 

IIIK    IXTKltXATIONAL    CoAL    AND    JiAlIAVAY    f'OMPANY    OF 

NOVA    SCOTIA, 

First  Mort,ua,!i('  Six  I\t  Cent.  Bond. 

'IMiis  l)ond  is  one  of  six  linndre<l  and  twenty-live  named 
ill  a  niorl,ua,!ie  or  deed  ol' trust  hearing  even  ilate  made  by 
the  sai<l  I ntei'nal ional  Coal  and  Railway  Com})any, 
w  liei'chy  its  Irancliises,  mines,  mining  property,  railroad 
and  e([ui[»ments  ae(|\ure(l  and  to  he  ae(piired  are  convey- 
ed \()  us  as  trustees  as  s'curity  tor  the  payment  of  all  saitl 
bonds.  And  we  further  certily  tliat  this  bond  is  issued  in 
conformity  to  the  condition  of  said  mortgage. 

S.  L.  SHANNON, 
TIIOS.   I).  ARCHIBALD. 

Trusltns. 


A 


\ 


42 


MORTaAGE. 


THIS  IN'DKNTriiK  ma-lc  this  tirst  .Liy  ..f  April  in 
tlu'  yciii'  of  our  Lord  one  tlioiisiiml  t'i<ilil  Iminlrcil  ;iiiil 
sixty-seven.  \>\  ;\\n\  between  TiiK  Ixtkunational  ("oal 
AND  RaIIAVAV  CoMl'ANV,  ;i  eorpdi-jition  < )r<:;ini/e(  1  under 
mid  in  ennlWrniity  to  the  Inws  of  the  Province  ol  Xo\:i, 
Seotiil.  of  the  lirst  part.  ;ind  the  IIoXoKAHLK  Samikl 
Leonaku  Shannon  ol  the  city  oT  ITnliliix  in  the  Province 
of  Nova  Seotiil.  and  the  IIonohahi-e  Thomas  D.  Akchi- 
HAl;l)  ol'  North  Sydney  in  the  county  ol'C^ipe  Brtiton  and 
Province  at'oi'esiiid.  trustees,  pai'ties  ol'  thi'  second  part. 
WIIKKKAS.  the  siiid  the  liiterii;itio;ini  (\.al  nnd  Rail- 
way Coiiipaiiy  l)y  an  ;iet  of  the  (Teiieral  Assenihjv  of  tiu; 
Province  ol'  Xo\a  Scotia  p;isst'(|  on  the  tenth  dav  oI'Mav 
in  the  year  ol'  our  liorl  one  thousand  eiuht  hundred  :ind 
sixty-four,  and  by  an  aet  in  aniendiiieut  there'of  passed  on 
the  ei^i^'iith  day  of  Mai'eh  in  the  yoiw  of  our  Lord  one 
thousand  eisiiit  hundred  and  sixty-live,  were  con^iituti'd 
a  l)ody  politic  by  the  said  name  of  the  Intei'uational  Coal 
and  Railway  ('onipan\'.  for  the  purpose  of  purehasinu', 
holding:',  leasiiiii',  and  selling'  mines  and  minini;'  I'iu'hts  and 
of  opeiiiiiL;'  and  woi'kiii^u'  the  same  in  the  eountv  o!'  Cape 
Breton  al'()ivs;iid.  ;iiid  ti'ansacting  all  business  connected 
tliei'ewitli  and  for  the  puivhase  and  sale  of  coals,  for  liold- 
\]\'j:  ami  coincyiim'  I'cal  estate,  mills  and  niachinerv,  for 
maiiufai'turin^L;'  and  sellin;^'  coal  oil  and  tioi-in^L;'  and  obtain- 
in,ii'  till'  same  fi'oin  the  earth  and  for  other  purpose^  eon- 
necteil  tlierewilh.  I()i' the  construclin^i;'  and  opcratinir  rail 
road  and  branch  I'oads.  liir  the  transportation  of  coal,  coal 
oil  and  other  freij^'lits  from  the  mines  of  this  Companv  or 
fi'om  any  otlu'r  coal  mines  in  the  county  of  Cape  Breton 
to  one  or  more  places  of  tra'.i.->hipnieiit.  and  Ibr  the  trans- 


i  V-v- 


mtmmimmf'^ 


i;; 


i  v^-- 


\ 


jK)i'tiii,L!'  of  |i;iss«.'ii<ici's  and  IrciLiiit  ovci'  siicli  i-oiul  or  roads 
:iiid  all  otiii'i'  l)usiiicss  iirccssarv  and  iisiiallv  pci'lonaod 
on  rail  roads,  joi' consti'iictinL:' ami  lioldinu' siicli  w  liarvcs, 
docks  and  |ii('i's  as  may  lie  ncccssarv  loi'tlic  hnsincss  ol' 
tlic  company.  Am/  W'/nnds,  it  is  prox  idcd  in  tlic  scconil 
section  of  said  amcndt'd  act  in  the  words  Tollowinfi',  lauiR'- 
ly.  "'riic  capital  oi'  the  company  sliail  lie  one  million  of 
"dollai's,  divided  into  twenty  tlionvmid  shares  ol  lil'tv 
•'dollars  each,  which  shall  K*'  jici'sonal  property  and 
"  transl'eralile  only  on  the  hooks  of  the  companv.  Tlu; 
'•corporation  shall  li;i\-e  power  to  increase  their  capital 
"stock  liy  the  issne  of  new  shares  l)y  the  vote  of  the  ma- 
"Jority  of  the  sto(d<liolders  in  interest,  any  coal  company 
"or  other  corporation  eithir  ioi-eiun  or  iiicorijoratcd  in 
"this  l'ro\ince  may  own  and  traiisil-r  any  stock  in  the 
"  said  company.  '^I'he  said  corporation  shall  ha\e  |)o\ver 
''to  borrow  niom^y  liy  a  xore  ol'  two-thirds  of  the  Direc- 
"tors  for  the  purpose  of  o)>eratin,u'  its  mines,  building  and 
"e(piip[)in<:'  said  rail  road,  and  to  issue  bonds  for  tlie 
"same,  bearing  interest  at  the  rale  of  not  more  than  six 
"percent,  per  annum  securi'd  by  a  mortgage  on  all  the 
"property,  real  and  personal,  of  ll,e  said  coin])any,  in- 
"  eluding  mining  rights  rail  roail  and  rolling  stock  to  be 
"}>u1  on  the  same  or  on  portions  of  the  said  jjrojx'rty. 
'''I'he  said  mortgage  shall  be  e\e<Mited  in  due  form  ol  law 
" — 1(»  ]iass  real  estate  and  shall  be  rei'orded  in  the  t)lliee 
"of  the  Jiegistrar  of  Deeds  of  the  county  of  Cap  i>";'tou 
"and  from  the  time  of  recording  said  mortgage  it  shall 
'•  become  a  lein  on  said  pro[)erty  mentioned  in  the  same 
"  j)recedeiit  to  all  other  subse(piently  ;,c([uired  claims 
'•against  the  said  corporation,  tlu'  interest  and  principal 
"olsaid  bonds  may  be  made  payable  in  Halifax,  Loudon 
"or  New  York." 


44 


N 


Am/  W/ii'i-rds,  iif  ;i  llii'ctillii'  ol"  flif  I  )irc('ti  US  <  if  tlicsirnl 
IiiteniiitioiKil  (yitiil  :iiiil  K.'iilwav  ('()iii|>;iiiv  lirM  on  ihc 
tWM'iity-lirtli  il;iv  <il' M.'ircli  his!  |i;ist.  it  w;is  In  ;i  t  wutliirds 
Vote  ol'  tlic  said  Dii't'ctors.  (Iccidcil  to  liori'ow  monies  for 
the  purpose  of  o|iei'atin^'  the  said  mine  and  liuihliii.L!'  and 
('(|iiii»)»in,u'  said  rail  road,  under  the  |»ro\  isions  of  the  sai<l 
act  of  incorporation,  and  the  said  party  ol"  the  lirst  part 
under  said  resolutions  of  the  saiil  l)ii'eetors  and  li>r  the 
purpose  of  raisin,L'  funds  lor  the  eoiistruet  ion  and  e(|uip- 
nuiit  of  its  rail  I'oad  I'rom  Sydney  in  the  Island  (»!'  C-ape 
Breton  to  Bridji'eport  in  the  said  islaml  of  Oape  Breton 
and  Province  aCoivsaid,  has  provided  lor  the  issue  ol'  its 
lioiids  in  the  sum  of  two  hundre(l  pounds  sterlin.;'  each, 
and  ill  iHimlicr  not  to  exceeil  six  hiindreil  and  t\venty-li\'e 
Ui-ariiii;-  date  the  lirst  day  ot  April  in  the  yearoCoiir  Loi'd 
one  thousand  eiu'ht  humlred  and  sixty-seven  top'ther  with 
interest  thereon  at  the  I'ate  of  six  per  eciil.  per  aiiiiiim. 
ijuvahle  seuii-aiiiiuallv  aceordinu' to  the  interest  wai'raiils 
attaclie(|  to  said  honds  on  tlie  lirst  days  ol'  .June  an  I  De- 
cemher  in  each  year  until  the  said  jirincipal  sums  are 
paiil.  the  same  to  lie  secured  l)y  a  iiiort,L!'a.i;'e  on  all  the 
real  and  personal  estate,  monies,  miirni<i-  riu'hls,  rail  road 
and  rolling-stock  of  the  said  Interiiational  Coal  and  Hall- 
way Company  hei-eiiialter  mentioned. 

Now  thereli)re.  in  order  to  secure  the  pavmeiit  ol'  the 
principal  and  interest  ol'  said  hoiids  to  the  \arious  persons, 
bodies  politic  or  corp(>rat»>.  who  shall  heconie  holders  ol' 
said  honds,  and  in  consideration  ol'  oiu?  dollar  lawliil 
money  of  the  Province  of  Nova  Scotia  to  them  paivi.  the 
International  Coal  and  Railway  Company,  tlu'  party  of 
the  lirst  herein,  has  LirantcMl,  bariiained,  sold.  aliene(l.  en- 
[(SoUed,  remised,  releas(>d,  convened,  assiniied.  transferred 
and  conlirmed:  and   hy  these  presents  doth   <ii\-e.  Lirant. 


-^ 


» 


.'**^^p?«a6t^w»i'»^ii^■ff  ■-  '^*-ff-  Vi--w  ««• 


4r. 


%,t 


»i 


Ijiiiyiiiii,  sell,  iilicii,   remise,  release,  assifj-n,  convey,  tnins- 
I'er  iiii(l  eoiiliriii.  unto  ilie  said  Saimiel  Leonard  Sliuimon 
and  'I'lioinas  1  >.  Ai'eliihald,  tlie  said  |iailii'S  of  tlie  second 
part,  their  snrvi\iirs  and  sui'xivor.  and   siicct'ssor  and  smo 
c't'Hsors.  in  tlie  trnst  lierel»y  created,  all  the  I'ailroad  oi'tlic 
saitl   International   Coal   and    liailway  Company,  |)arly  of 
the  lirst  part.  Ironi  Sydney  aforesaid  to  Brideeport  afore- 
said, liotli  in  the  said  ('oniity  of  Cape  Hi'cton  and   afore- 
said I'rovinee  of  Xova   Scotia,  as  the  same  may  he  con- 
structiMJ.    linildc(|    or  ac((nired.   hein^i'  in  distance   al)out 
fourteen  miles,  the  width  of  the  said  I'oad  liein;j'  one  liiiii- 
dre(|   feet,   to.ii'ether  with    the   real   estate,  lamls,  rig'lits  of 
wav,   depot,    grounds,    roatlway,    turnouts,    rails,    fenceH, 
l)rid^-es,    stations,     houses    and    other   l)uildin<i'.s,   cnjiine 
houses,  machine  shops,  and  all  euj.dnes,  rolling;  stock,  also 
the  lands,  land  covered  with  water,  docks,  wharves  and 
jiiei's,  situate  at  the  town  of  Sydney  aforesaid,  as  the  .same 
are   now   or   mav  1>e   hereafter  owned  or  t'onstructed   ])y 
said  party  of  the  lirst  jiart,  tot-'ctlH'r  with  all  and  sing-ulur 
the  rights,  pri'ile^;es  and   franchises  of  .siid  ]iarty  of  the 
lirst  part,  ajipurtenances,  or  in  anywise  belonging  to  .said 
railroad  now  existing  or  hereafter  to  he  acquired.      Also, 
all  the  mining  propt'rty  now  owned  l>y  the  said  piirty  of 
the  lirst  part,  descrilied  as  follows,  that  is  to  say: 

l^'iHST — All  that  certain  Icasi'  of  mining  rights  made 
hv  the  Queen's  most  Kxcellent  Majesty  to  the  said  Inter- 
national Coal  and  Railway  Company,  hearing  date  the 
lirst  dav  n{'  April,  in  the  year  ol'  our  Lord  one  thousand 
eight  hundred  and  .sixty-seven,  of  the  coal  mines  con- 
tained in  the  area  of  land  described  as  follovv.s,  namely: 
Beginning  at  a  point  on  the  western  line  of  Patrick  Cadi- 
gan's  Coal  Lease,  distant  from  the  shore  by  said  line 
three  hundre(l  let't :  thence  running  .south  seven  degrees, 


..*<«^»S^»i^^1«i«^K^'''i*l»^-^^^ 


46 


\V('st  three  liundi'cil  und  sixty  feet,  to  ii  st:iko  iiiarkcd  ms 
u  I'onu'i":  tluMico  niiiiiiuu'  soutli  one  dciircr,  west  oiu' 
luindi'tHl  and  sixty  cliains:  thence  north  ei,Lihty-nine  de- 
•I'lves.  west  i'orty-two  ehiiins  ;iiid  thirty  lini<s:  tlieiiec 
north  one  <U',L;ree.  east  one  hnmh'i-d  and  twenty  chains,  or 
to  a  point  distant  t'.venty  yards  IVom  tlie  eastei'ii  line  of 
the  Genei'al  Mininii'  Association's  l^rid<i'e])ort  Tract,  thence 
north  thii'ty-six  dcLirees,  east  or  parallel  to  said  eastern 
line  lifty-nine  eliain<.  more  or  less,  to  die  seashore  at 
Dead  Man's  (Jo\e  alores.iid  :  thence  easterly  hy  said  shoi'e 
to  a  point  distant  lil'ty  yards  f'ro;n  the  northern  corner 
honnd  of  the  lease  to  Pati'ich  ('aili^^an  al'oresaid;  tlienc(^ 
sontli  seven  dcLii'ct's.  west  jiaralle!  with  the  wcstci'n  line 
of  said  lease  tlii-ce  hundi'inl  feet;  thence  south  ei<:iity- 
nine  degrees,  east  litty  yards,  or  to  the  ])lace  of  heii'in- 
ninu".  containing'  one  s(tuare  mile,  more  or  less.  Said  coal 
area  being  situate  at  Dead  Man's  (Jove,  in  the  (bounty  of 
Cape  Breton  aforesaid. 

SKt'ONDliV — AW  that  certain  othci'  lease  of  minin.u' 
•i  dits  nuide  hy  the  (.Queen's  most  Kxcellcnt  Majcstvt- 
ilic  said  International  (\>al  and  Hail\\ay  C'ompany.  hcai'- 
in,L;'  date  on  the  said  iii'st  day  of  .\|iril,  in  the  year  of  our 
Lord  one  thousand  eiLiht  hundre(l  and  sixty-seven  ami 
heiuL;'  of  coal  mines  situated  at  lirid^Lieport.  '.n  the  said 
County  of  Cape  Uivton,  and  descrihcd  as  follows,  that  is 
to  say:  Px'gimiinti'  at  an  iron  pin  and  stake  at  the  ClilV 
Head,  ai  'he  ilistance  of  lifteen  feet  westwardly  from  the 
northern  cornel'  of  the  l)lacksniitirs  Koru'e  on  the  south- 
ei'u  sidt'  of  Bridiicport  Hay  :  thence  runnini;'  south  live 
dc^'rces.  west  ten  chains  and  sc\'cnty  liid<s;  thence  -^oiuli 
one  dc>ii'ee,  west  one  hundred  and  tifty  chains;  thence  at. 
right  an,!ilcs  south  eight\  iiln"  degrees,  east  forty  cliains; 
thence    north    one    degiee.    east    one    hundred   and    tiftv 


47 


"i 


cliaiii'j:  tliciH'c  north  I'wv  detrrces,  cast  ti'ii  cliai'/s.  more 
or  less,  to  the  (Mill'  Head;  tlieiicc  westerly  bv  the  several 
courses  (>!'  said  (Mill'  I'ortv  chains,  more  or  less,  to  the 
l)liU'c  ol'  l)cuiimiii>i-,  coutaiiiiug  one  square  mile,  more  (jr 


less. 


rillHDLV — Al>l.  that  certain  othei- lease  mad<'  by  the 
Queen's  Most  Kxeellcnt  .Majesty  to  the  said  Jntcrmitioiuil 
Coal  and  Railway  Company,  bcarin.Li'  ('.ate  the  said  lirst 
day  of  A])ril.  in  the  year  of  our  I.ord  one  thousand  eiiiMit 
hundred  and  sixty-seven,  of  certain  local  mines  situate 
between  lii'idgc'port  and  l^ii:'  (ilace  liay  Lake,  in  the 
county  ol'Capc  Breton,  and  Province  aforesaid,  described 
as  follows:  That  is  to  say,  commencing-  on  the  Northern 
shore  of  Bi,<:-  (ilace  Bav  Lake,  at  the  South  Western  an^de 
of  a  coal  tract  held  under  the  lease  to  J.  IL  Converse  anil 
others;  thence  North  forty-one  de.Lirccs  West  line  of  said 
coal  lease,  one  hundred  and  iifty-li\-e  (diains,  or  until  it 
meets  tlie  South-west  ai;<zle  of  a  lease  to  the  Rev,  II.  Mc- 
Lcod  ;  thence  South  l()rty  de,urecs  W'e.^t.  along-  the  South- 
eastern line  of  a  lease  to  tlu'said  International  (Joal  Com- 
])any.  tifty-lburchains  liftv  links,  oi'  to  the  Southern  angle 
of  the  lease  la^t  mentioned  :  thence  South  Ibrtv-seven  de- 
grees jvisi.  one  huuilred  and  fifty  (Miaiiis,  or  to  the  shore 
of  liig  (-i.ee  P)ay  Lake  aloivsaid  ;  thence  easterlv  bv  the 
snore  of  said  Laketo  the  place  cd' com, aenccmeiit,  contain- 
i  ig  OIK'  S(piare  mile,  more  or  less. 

Koi  KTlit.v— Al,L  that  certain  c  '.icr  lease  made  by  the 
(.Queen's  Most  Kxeellcnt  Majesty  to  the  said  lnternati(Mial 
Coal  and  R;iilwav  < 'oiupanv.  bearing  date  the  said  lirst 
day  ol'  .April,  in  tlie  \ca,'  (>;■  oui'  Lord  one  thousand  ei<dit 
liinidreij  and  sixty-se\  en.  o['  ceriaiii  coal  mines  situate 
1  let  ween  liridgeport  and  Big  (ilace  Bay  I^ake,  in  the 
county  of  (.'ape  Breton  and  Province  aforesaid,  di'sciibed 


v;si,  .,Ju.-*<'^-t^»%«ft*;»Si!SS'>;^*:^!«.-t'W**r?af.^^^^ 


4S 


us  I'oHdw.s:  Thnti.s  to  s;iy,  cornmeiicinj^  at  the  SoutlK-i'ii 
jing'le  of  the  Geiiei'al  Mining  Assoeiation's  Bi'i(lu'e[)()rt 
tract;  theiu;e  South  tweutv-tive  degrees,  West  sixtv-live 
cliaiiis,  along  the  Eastern  line  of  a  S(|uare  mile,  licensed 
to  Stephen  II.  llead:  thence  South  thirtv-tive  degrees. 
West  thirteen  chains:  thence  North  ibrty-live  degrees 
West  (A.  J).  18()1).  lii'ty-eight  chains;  thence  South 
tweiitv-nine  deurees.  West  fortv  chains;  thence  South 
forty-seven  degrees,  East  seventy  chains;  thcncn^  North 
forty-three  degrees.  East  (A.  D.  lyBO)  lifty-fourchains  and 
lifty  links;  thence  by  the  Western  line  of  said  lease 
North,  two  dcgrei'S  West  (A.  1).  18()0),  one  hundred  an<l 
twenty-seven  chains  to  the  EasteiMi  line  of  the  Bridgeport 
ti'act  aforesaid;  thence  liy  the  said  Eastern  line  South, 
twu'iity-ninc  degi'ces  West  [A.  1).  1<S()0).  sixty-six  ciiains 
and  sixty  links,  to  the  place  of  heginning,  containing  one 
S(juare  mile,  more  or  less,  ivsifving,  however,  in  all  the 
said  areas  a  strip  or  margin  running  all  round  the  several 
lots  or  areas,  as  in  the  sai<l  leases  is  particularly  set 
forth. 

FlF'l'lll-Y — 4Mie  unexpired  lease  and  leasehold  property 
at  Bridgeport  atoresaid,  containiag  one  hundred  aert's  of 
land,  being  tlii^  entire  tarm  of  James  (.'adigan.  li'ased  by 
him  to  Hugh  McLcod.  on  the  twentieth  day  of  August,  in 
the  year  of  our  Lord  one  thousnnd  eight  hundivd  and 
sbxty-lbur;  and  suid  lease  assigned  by  ^aid  Hugh  McdiCocl 
to  the  said  International  Coal  and  Railway  Company  on 
the  seventh  <lay  of  ^hirch,  in  the  year  of  our  Loi'd  onc' 
thousand  eight  hundred  au<l  sixty-live. 

Also,  the  following  lot  of  land  containing  one  hundred 
acres,  more  or  less,  situated  at  Bridgeport,  in  the  town- 
shij)  of  Sydney,  county  ol'  Cape  Breton,  fronting  on  the 
sea   shore,  and  bound(>(l   North- wcst(;rlv  bv  the   lands  of 


in 


49 


iiini  iiiMMny* 


Miclia(3l  Younfr.  on  a  course  South  thirty-tliree  d'^grees 
West,  to  lands  of  Dennis  Cadigan ;  thence  on  a  course 
North,  twentv-tive  (h'grees  East,  to  tlie  North-east  corner 
of  the  said  Dennis  Cadigan's  hmd;  thence  on  a  course 
South,  thirty  degrees  West,  to  the  main  road;  thence 
ak)ng  the  road  on  a  course  South,  lifteen  degrees  East,  to 
hinds  of  Hector  Melntyre;  thence  hy  Hector  Mclntyre's 
southerly  hoi.ndai'y  North,  thirty-three  degrees  East,  to 
the  shore  aforesaid,  and  thence  along  the  shore  northerly 
to  the  place  of  beginning,  being  all  that  lot  lying  between 
the  road  Westei'ly  and  the  shore  Easterly,  the  lands  of 
Michael  Young  and  D.Minis  Cadigan  Northerly,  and  Hector 
Melntyre  Southerly. 

Also,  the  (ollowiug  tract  of  land  situate  and  lying  and 
being  at  Bridgeport  aforesaid,  in  the  county  aforesaid,  and 
described  as  follows:  That  is  to  say,  all  that  ])ieee,  parcel 
or  lot  of  laud  beginning  at  the  Northwest  angle  of  land 
in  possession  of  Dennis  Whalan  ;  thence  Sonththirty-four 
deo-rees,  West  forlv-ninr  chains  and  lift\   links,  to  a  stake 
on   general   rear  line;    thence    N     'li    tifty-six    degrees, 
thirty  minutes  West,  ten  chains,  nioi'or  U'ss.  to  a  stake; 
thence  North  thirty-three  degrees  East,  or  IMUiwing  the 
Eastern    line  oi^  Hector  Mclntyre's  land,  tifty-tiyc  chains 
more  or  less,  to  the  road  leading  Irom  Glace  Bay  to  Syd- 
ney ;  tlienc(>  along  said  road  South-easterly  to  the  place  of 
beginning,  containing  tifty  acr(>s,  more  or  less;  reserying 
thereout    Irom  and  out   of  said   last  described  lot,  about 
hall'nn  acre  of  land  In-longing  to  Hugh  McLeod,  behig  at 
the  North-west   corner  of  said   lot,  fronting  on   the  road 
aforesaid,  and   measuring  two  hundred  and  ten   feet  in 
front  and  rear,  and  one  hundred  and  liye  feet  in  depth  on 


each  sK 


le. 


Also,  all  that  other  lot  (^f  land  beginning  at  a  birch 


v^  ■ 


60 


tree  bchtg  the  northwest  iinglc  of  laud  granted  to  t^^o 
General  Mining  Association,  thenee  south  twelve  degrees 
west  iiitty-six  cJKiius  more  or  les-s  to  a  stake,  thence  north 
seventy-eight  degrees  west  at  right  angles  to  said  line  ten 
chains,  thence  north  twelve  degrees  east  or  parallel  to  the 
W(>stern  line  of  grant  aforesaid  sixty  chains  more  or  less 
to  the  general  rear  line  of  the  front  ranges  of  lots  from 
Bridgeport  (afoi'esaid)  Bay,  thence  following  the  rear  line 
aforesaid  south  lifty-six  and  one-half  degrees  east  eleven 
chains  and  lifty  links  more  or  less  to  tln^  place  of  com- 
mencement containing  lifty  acn'es  more  oi'  less. 

Also,  all  that  certain  piece,  parcel,  or  tltle^  of  land  be- 
ing part-  of  lot  number  thirteen  on  the  eastern  shore  of 
Sydney  river  in  the  county  of  Ca}ie  Breton  aforesaid  and 
abutted  and  bounded  as  follows,  that  is  to  say,  by  a  line 
commencing  at  high-water  mark  on  the  eastern  shore  of 
Sycbiey  river  aforesaid  at  the  southwest  corner  or  angle 
of  fots  numbers  fourteen  and  iifteen  owiu'd  by  James 
Carline  thence  running  easterly  by  the  southern  line  of 
the  lands  of  the  said  Jan\es  Carline  twelve  hundred  and 
fifty  feet  thence  south  tifteen  degrees  west  six  hundred 
and  sixty  feet  to  a  stake  at  the  north(M-n  line  of  lands 
owned  by  John  Muggah,  thence  westerly  hy  the  northern 
line  of  lands  of  the  Siiid  John  Mugsiah  tlire(^  hundred  feet 
thence  northerly  nearly  parallel  witli  the  located  line  of 
railway  \\i\w  humlred  and  tiiii-ty  fet>t.  thence  westei'ly 
j)arallel  with  the  southern  line  of  lands  of  tin'  said  James 
Carline  nine  hundred  and  thirty  feet  nioiv  or  less  to  the 
shore  of  Sydney  I'iver,  and  thenee  nortlu'rly  l>y  the  \ari- 
ous  windings  of  the  shore  of  Svdney  rix'er  al'M'csaid  to 
the  place  of  l)eginning.  boundeil  on  the  north  l)y  the  h'uds 
of  the  said  James  ('arline,  on  the  east  by  the  remainder 
of  the  lands  of  the  said  .John  Lorwav  on  the  south  by  the 


r>i 


laiitls  of  tlic  sj'hl  .))!i:i  Mim'u'iili  and  the  lamls  of  the  said 
John  Loi'way  and  on  the  west  h_v  the'  vvatcns  of  Sydney 
Kiver  aforesaid. 

Also,  all  that  fcrtain  ])icce,  parcel  or  lot  of  land  situate 
lying"  and  bcin^ij;  on  the  eastern  shore  of  Sydney  river  in 
the  connty  of  Ca])c  Breton  aforesaid,  and  abutted  and 
bounded  as  I'ollows,  that  is  to  say,  bounded  by  a  line 
conunencing  at  high  water  mark  on  the  eastern  shore  of 
Sydney  river  .)resaid  at  the  northwest  angle  or  corner 
of  lots  numbers  iburteen  and  tifteen  owned  l)y  James 
Carline,  thence  running  easterly  by  the  northern  line  of 
the  lands  of  the  said  James  Carline  twelve  hundred  and 
lifty  feet,  thence  north  iifteen  degrees  east  to  the  southern 
line  of  lands  owned  by  Kobcrt  Belloni,  Esq.,  eight  hun- 
(h'cd  and  lifty-eight  feet,  thence  westerly  by  the  southern 
line  of  lands  of  the  said  Kobert  Belloni  twelve  hundred 
feet  more  or  less,  to  the  sliore  of  Sydney  river  aforesaid, 
thence  southerly  by  the  various  windings  of  the  shore  of 
Sydney  river  to  the  })lace  of  beginning,  the  said  lot  being 
bounded  on  the  south  by  the  lands  of  the  said  James 
Carline,  on  the  east  by  the  remainder  of  the  lands  of  the 
heirs  of  Amie  Gibbt)ns,  deceased,  on  the  north  by  the 
lands  of  the  said  Robert  Belloni,  and  on  the  west  by  the 
waters  of  Sydney  llarl)or  aibresaid. 

Also,  alll  that  certain  piece,  parcel,  or  lot  of  land  situate, 
Iving  and  being  on  the  Eastern  shore  of  Sydney  lliver,  in 
the  county  of  Cape  Breton  and  Brovince  of  Nova  Scotia 
aforesaid,  bi'ing  part  of  lots,  numbers  fourteen  and  tifteen, 
and  abutted  and  boundetl  as  folk)ws:  That  is  to  say, 
bounded  bv  a  line  eoninieiieingat  high  watermark  on  the 
Eastern  shore  of  Svdnty  Ri\er,  at  the  North-west  corner 
of  lot  numl)er  thirteen,  owned  by  John  Lorway  ;  thence 
running  Easterlv  1)V  the  Northern  line  of  the  lands  of  the 


^^  ■  ::mm^-  ■■^mmmaimtiiitmmmimMf'Wmmim 


52 


siiid  Jo] in  Lorwav,  twelve  hundred  and  liftv  feet :  tlienee 
North,  fifteen  degrees  East,  to  the  Southern  line  of  lands 
owned  by  the  heirs  of  the  late  Richard  Gibbons,  Esquire, 
deceased,  six  hunch'ed  and  sixty  feet,  more  or  less  ;  thence 
Westerly  by  the  Southern  line  of  lands  of  the  siiid  heirs 
of  the  said  Richard  Gibbons,  twelve  liundred  and  fifty 
feet,  more  or  less,  to  the  sliore  of  Sydney  harbor,  and 
thence  southerly  by  the  various  windings  of  the  shore  of 
Sydney  river  or  harbor  aforesaid,  to  the  place  of  begin- 
ning, the  said  lot  hereby  conveyed  being  bounded  on  the 
soutli  by  tlie  hinds  of  John  Lorway ;  on  the  east  by  tlie 
remainder  of  the  lands  of  the  said  James  Carline;  on  the 
north  by  the  lands  of  the  heirs  of  Richard  Gibbons,  de- 
ceased ;  on  the  west  by  the  waters  of  Sydney  harbor  or 
Spanish  river. 

Also,  all  that  certain  })iece,  parcel  or  lot  of  land  situate, 
lying  and  being  in  the  eastern  shore  of  Sy<lney  river,  in 
the  county  of  Cape  Breton  aforesaid,  and  bounded  as  fol- 
lows: That  is  to  say,  by  a  line  commencing  at  high 
water  mark  on  the  eastern  shore  of  Sydney  river  afore- 
said ;  at  the  north-west  corner  of  lot  number  eighteen, 
owned  by  Robert  Belloni,  Esq. ;  thence  running  easterly 
by  the  northern  line  of  the  lands  of  the  said  Robert  Bel- 
loni twelve  hundred  and  forty  feet ;  thence  north  fifteen 
degrees  east,  eleven  hundred  and  twenty-two  feet,  more  or 
less,  to  the  southern  line  of  lands  in  the  })ossession  of 
John  McLennan  ;  thence  westerly  by  the  said  southern 
line  of  the  lands  of  the  said  John  McLennan,  one  thousand 
and  thirty  feet,  more  or  less,  to  the  shore  of  Sydney  river 
aforesaid  ;  thence  southerly  by  the  various  windings  of 
the  shore  of  Sv<lney  river  uforesaid  to  the  place  of  begin- 
ning; bounded  on  the  south  by  the  lands  of  the  said  Ro- 
bert Belloni,  on  the  east  bv  the  remainder  of  the  lands  of 


■•WaMi»«>-.»«B»f---  ■«., 


58 


the  siii'l  John  Jjoughiiiiii  :  on  the  north  by  the  lands  of 
the  said  Jolui  MeLennan,  and  on  the  west  by  the  waters 
ol" Sydney  riviM'  al'oi'es;ii(h  to.uvther  with  all  and  singular 
the  estate  and  interest  ol'  the  said  International  Coal  and 
Railway  Company  t)l  and  in  tin'  said  in  part  recited  leases 
and  lands  and  pix'niises.  ami  e\('i'y  part  and  parcel  thereof, 
Avith  their,  and  e\-ei'y  of  their  pri\ih\ues,  as  well  of  digging, 
mining,  winning  and  taken  coal,  and  all  other  rights,  i)ri- 
vileges,  members,  appurtenances  to  the  said  leased  pre- 
mises and  lands  and  railway  and  j»remises  btdonging  and 
appertaining,  together  with  the  said  indentures  of  lease, 
and  all  benclits  and  advantages  to  be  derived  therefrom. 

To  have  and  to  hold  the  said  premises,  lands,  leasehold 
rights,  railway  jjroperty  and  I'aiiway  and  other  the  rights, 
property  and  pi'emises  iiert'by  gi-anted.  or  intended  to  be 
granted  and  transferred  unto  the  said  Samuel  Leonard 
Shannon  and  Thomas  J).  Archibald,  their  survivors  and 
survivor  ami  suceessoi-  f  >r  ever,  but  subject  to  the  condi- 
tions in  said  h'ases  contained  Ibr  the  uses  and  purposes 
and  upon  the  trusts,  terms  and  conditions  in  this  inden- 
ture ex])ressed.  that  is  to  sav  :  'J'hat  if  the  interest  on  anv 
of  the  bonds  so  to  be  issued,  shall  not  be  paid  by  the  said 
International  Coal  and  Railway  Company,  ])arty  of  the 
tirst  part,  when  the  same  shall  become  due,  and  if  such 
interest  shall  remain  in  ari'ear  for  tlii'ee  months,  or  in  case 
]iiMneipal  of  said  bonds,  or  anv  of  them,  shall  not  be  paid 
at  their  maturity,  then  it  shall  be  lawful  for  the  said  par- 
ties of  the  stH'ond  i»art  and  the  survivor  and  successor  or 
suecessoi's  of  tliMu  in  the  trust  to  take  }»osscssion  of  all 
ami  singular  the  said  premises.  proj)erty  and  franchises  so 
eonxcved.  and  upon  tin'  written  re(|uest  of  the  holders  of 
at  least  one-third  of  the  said  bonds  issued  hereunder,  and 
then  outstanding,  shall  cause  the  said  jiremises,  real  and 


/  / 


■^.tawe»^".tfyjftiw)t».w««8ij^iiii^ 


64 


persoiKil  c'stiitt\  niilwiiy,  I'i^lits  ;iii(l  fhuicliiscs,  t(»  1k'  Hold 
ill  till'  city  III'  Ilalit'iiN  in  the  Province  ol'  Nova  Scotia, 
giviuj^  at,  least  t\vcl\-o  weeks  notice  of  said  sale,  by  piih- 
lisliiii.L:'  the  same  in  at,  h'ast  one  daily  newspaper  in  the 
city  of  llaiil'ax,  and  wlicivver  else  rcipiired  by  law,  and 
on  such  sale  to  make,  execute,  and  deliver  ti>  the  pur- 
chaser or  ]»urcliasers  thereol!,  a  Li'ood  and  snllicicMit  deeil  of 
convevanee  in  lee  sim])le  for  the  same,  or  such  other  con- 
veviince  oi"  conveyances  (")r  transfers  .,>  shall  be  sullicient 
to  transfer  and  convey  all  the  interest  of  the  said  Interna- 
tional Coal  and  Railway  Ct)miiany  in  the  same  to  the 
})urcliaser  or  pui'chasers  there!)!',  which  shall  be  a  bar 
a<;ainst  the  said  party  of  the  lirst  i)art,  the  said  Interna- 
tional Coal  .and  Railway  Coiii[)any,  its  successors  and  ass 
igns,  and  all  ])ei'sons  (daiming  under  it  or  them,  of  all 
rights,  interests  or  chums  of,  in,  or  to  the  same  i)rcmises, 
rights  an'd  frrancliiscs  or  any  part  thereol! 

The  amount  of  tlie  bid  or  [)urchase  money  of  said  sale 
may  be  paid  and  satisfied  in  whole  or  in  j)art  by  the  out- 
standing mortgage  bonds,  or  any  of  them  issued  hereun- 
der, and  the  sari;e  shall  be  taken  and  H'ceived  in  whole 
or  in  ])art  payment  and  satisfaction  by  the  parties  of  the 
second  ))ai't,  the  survivor,  survivors  or  successors  of  them 
or  of  either  of  them,  aci-ording  to  their  value  to  be  ascer- 
tained and  determined  by  the  net  amount  arising  from 
such  sale  as  compared  to  the  amount  of  outstanding  un- 
con\'erted  bonds  issui'd  hereunder  as  aforesaiil.  And  the 
[tarties  of  the  second  part  shall  after  deducting  from  the 
[iroceeils  of  siudi  sale  the  costs  and  expenses  thereof  ap- 
ply so  much  of  the  proceeds  as  mav  be  necessarv  to  the 
payment  of  the  said  principal  and  inli'rest  due  and  un- 
paiil  on  the  residue  of  said  outstanding  mortgage  bonds 
issued  hereunder  not  used  in  the  jiayment  ol  said   bid  as 


\\ 


66 


\» 


afni't'Siiid,  ;iiii1  should  the  pi'ococds  he  ii)Siiflici(Mil,  to  pay 
the  whole  o|'  the  said  oii1staiiiliii,!j'  liiort;^agc  l)oiids,  then 
applv  ihc  siiiiic  towards  paviiiciit  thci'coC  I'atcahlv  ami  in 
(Mpial  pi'opoi'tioii,  and  altci'  lull  payiiiciit  shall  he  iiiadf  ot' 
the  iiriiicipal/aiid  interest  of  the  said  Wonds,  shall  pay 
over  the  I'eiiiainder  of  saiil  proceeds  to  flio  pai'tv  of  the 
first  pai't  its  successor  or  snccessors  or  assigns.  And  the 
said  party  oT  the  lirst  part  co\enaiits  and  a^iii'ocs  to  exe- 
cute and  deli\-ei' ln'i'eal'tei' and  IVoni  time  to  time  all  f'ur- 
tlu-r  rciasonalile  and  necessar\'  con\c\aiices  to  more  cf- 
I'ectually  carry  out  the  intention  of  thest;  ])i-esents,  and 
particularly  lor  the  eon\eyauce  ol'all  lands,  depot-irronnds, 
rifi'lits  ol'  way,  and  other  such  propei'iy  as  may  l)e  hereaf- 
ter acfpiirt-it  ly  the  i)arty  of  the  lirst  i)art.  IMiis  trust 
and  the  security  heivhy  intended  extends  to  sucdi  mort- 
gage bonds  oidy  as  shall  he  countersigned  hy  said  Trus- 
tees, and  when  all  said  honds  shall  he  satisfied  and  dis- 
charge(h  the  trust  herein  created  shall  cease,  and  upon 
the  ))ayment  of  said  honds  issut'd  hereunder  jn'incipal 
and  interest,  or  upon  the  delivery  of  the  said  honds  and 
unpaid  coupons  to  said  Trustees  lor  cancehnent,  the  es- 
tate hereby  granted  to  the  })arties  of  the  second  part  shall 
be  void,  and  the  right  to  the  premises  herel^y  conveyed 
rhall  revert  to  and  revest  in  the  said  Company  without 
any  acknowh'dgement  of  satisfaction,  re-conveyance,  re- 
entry or  other  act.  and  the  said  'J'rnstees  shall  thereupon 
at  the  re(pie.-t  ol'  the  parties  of  the  lirst  part  certifv  to  the 
lieuistrar  of  Deeds  of  said  countv  of  Cai)e  Ureton  that 
said  bonds  are  paid  and  said  mortgage  is  discharged.  It 
is  also  agi'ced  that  the  amount  of  bonds  hereunder  issued 
shall  not  exceed  in  the  aggregate'  the  sum  of  one  hundred 
and  twent\-li\  ('  thousand  pounds  sterling.  And  the  said 
International  Coal  and    Uailwav  ('omnanv   I'urther  cove- 


-";wv:t  ri^m-r.^-yte^wmm: 


wm 


r>f5 


riiints  and  iiiri-ccs  tlinf  llic  said  ])n'mis(s  mikI  ]»r(»|MM'ty  iiiuT 
cNcrv  i»!ii't  tlu'i'col'  arc  not  suliject  to  any  niortjiai:*'  ,jii(|<;'- 


iMcnt   or   Miciuiiliranct'   wlialsocNcr. 


jkI    that   1lii'\-  w 


alter  tlic  t'omplctioii  and  coninicnct'nu'iit  of  hiisincss  on 
said  railway,  iTscrvr  annnally  from  tlic  earnings  tliorcol' 
an  anionnt  wliicli  shall  coiistitntc  a  sinlsin;^'  Innd  whicli 
shall  Itc  adequate  with  aceruiuL''  interest  thereon  to  the 
extingMiishnieiit  of  all  the  l)onds  issued  hy  the  said  Coui- 
jiany  at  or  bet'oi-e  the  time  said  lionds  shall  inatiii'e  which 


amount  so  rt'((uire( 


d  and 


•  I   i 


rcsei"\-e(i    i(»r  sucli   sini'Cin!. 


fund 


shall  not  he  used  l)y  theConipany  for  any  husiness  \)nv- 
l»ose,  but  shall  he  in\ested  IVom  time  to  tinn>  in  the  pui"- 
ehiise  ol'  the  honils  of  the  (lompany,  or  in  such  securities 
as  the  saiil  Trustet's,  parties  hereto  of  the  second  i)art 
may  approNc.  And  t'urtlu'r  that  the  sjud  pju'ties  ol'  the 
lirst  part  for  themselves  their  sui-eessors  and  assiuns.  the 


said  hereby  <i-ranted  property  and  premises  and  every  part 
thci'cor  with  tlie  ai)purtenances   unto   the  said    parties  oT 


tl 


le  second  part  their  suceessoi's  and    successor   shall    ai 


,1 


hy  these  presents  will  forever  warrant  and  defend  a,L;ainst 
the  lawful  claims  of  all  and  cvci'y  person  or  persons 
whomsoever.  Ami  it  is  also  mutually  aurei'il  that  the 
said  parties  of  the  second  part  and  tlu'ir  suceessoi's  in 
said  trust  shall  only  he  accountaltlc  for  not  usinji'  n-asoii- 
al)le  dili'i'cnce  in  the  management   thert'of,   and    shall    not 


he    responsi.ile   for   the    ri^ 


tl 


leni  or  cither  ol    t  lieni. 


of  any   aiicnt   emplo\(M|    lyy 
nd  that  t'.ie  said  parties  of  the 


second  part  and  their  successctrs  in  said  trust  shall   be  eii- 
title(|   to    I'cccix'e  proper  coiupcnsation  for  excrv  laboi' or 


service  pertoi'UKM 


I  bv  t 


leiii  111  the  discliarLie 


their  trust 


in  case  ihiy  shall  be  eonipelle(|  to  take  possession  of  said 
premises  ov  any  part   thereof  as   hereinbelbre   meiitioiied. 


57 


Ami  tlmt  iieitluM-  of  the  said  Trustees  shall  in  any  man- 
ner be  liable  oi*  res[)()iisibl(!  lor  any  act  or  acts  of  his  co- 
trustees to  which  he  <lo(>s  not  assent.  And  in  ease  of*  the 
death,  mental  in(!;i[iacity  or  resignation  of  said  parties  of 
the  second  part,  or  in  ease  r)f  u  vacancy  in  said  trust  from 
any  cause,  it  shall  be  competent  for  the  surviving  Trustee 
and  said  Company  within  sixty  days  to  agree  upon  and 
ai)i)oint  another  person  to  lill  the  vacancy  so  made,  and 
in  ease  of  any  disagreement  or  failure  to  make  such  ap- 
pointment, theti  it  shall  be  competent  for  the  Chief  Justice 
of  Nova  Scotia  for  the  time  being  to  ap})oint  some  person 
to  lill  such  vacanev  and  act  as  such  co-trustee.  And  in 
either  case  whether  the  ajipointment  is  made  by  the  joint 
action  of  the  two  j)arties  or  by  the  separate  action  of  the 
Chief  Justice  as  above  mentioned,  the  a})pointment  shall 
be  endorsed  and  made  upon  the  mortgage  and  recorded 
in  tlie  Registry  of  the  county  of  Cape  Breton,  and  there- 
upon, and  ujion  its  being  notified  to  the  Company,  if 
made  by  the  said  Chief  Justice,  and  upon  the  written 
acceptance  of  the  trust  by  the  newly  a})pointe(l  Trustee, 
he  shall  be  vested  with  all  the  powers  and  clothed  with 
all  the  duties  of  Trustee  as  if  he  had  l)een  named  in  this 
instrument  as  Trustee.  And  until  such  ajipointment 
shall  be  made  all  the  powers  and  duties  of  the  Trustees 
may  be  executed  and  discharged  and  all  the  rights  of  the 
Trustees  held  and  enjoyed  by  the  surviving  Trustee  as 
fully  as  if  he  had  alone  been  named  in  and  had  assented 
to  and  had  executed  this  instrument. 

In  testimony  whereof,  the  said  International  Coal  and 
Railwav  Company  has,  by  order  of  its  Board  of  Directors, 

lit*. 

liereto  allixed  its  corporate  seal  and  signed  the  same  by 
its  Pi'esident  and  Secretary,  and  the  said  Trustees  have 


,  -'Wft-*'  >«*iWWiW-t:'aiil!^,. 


58 


liercto  set  their  IkiimIs  uikI  houIh  the  diiy  :iiul  yfur  first 
above  written. 

Thi'  /iihniatioual  Coal  and  /iuiUrai/  Co.,  hi/ 

A.  c.  MoirroN, 

•  Pn'sideiit. 

ALFUKl)  MACKAY, 

Secretary. 


iSeal  of  the: 
:   Company.   ". 


ed  i 


Signed,  sealed  and  delivered 

in  presence  of 

N.  S.  Mackay, 

James  P.  Waud. 

L.  G.  POWKKS,  ) 

J.  S.  Fairbanks.         f 

James  P.  Ward, 
W.  Purvis. 


S.  L.  Shannon,      {Sad]. 
I         T.  D.  Archibald,  [Seal]. 


Office  of  the  Registry  of  Deeds, 
Sydney  Co.,  of  Cape  Breton, 

10^//  ofJiiue,  1867. 
I  hereby  eertily  that  at  ten  o'clock,  forenoon  this  day, 
a  mortgage  in  trust,  from  the  International  Coal  and  Rail- 
way Cmnpany  to  the  Ilonorahles  S.  L.  Shannon  and  T. 
D.  Archibald,  ol' all  their  lands  on  Sydney  Harbor  and  at 
Bridgci.ort,  and  of  their  four  Mining  Leases  at  the  last 
named  place,  \v;is  entered  on  record  pursuant  to  law. 

And  T  hereby  further  certify  that  the  several  proi)erties 
therein  speciiied  are   free  and  unencumbered,  as  appeai » 

by  the  records  of  this  office. 

JAMKS  P.  WARD, 

Rcf/i.sfrar  of  J)>'f'ds. 
County  of  Cape  Breton. 


59 


[E.J 

WK,  the  IloiionibU'  Kdmi'xi)  M.  Dodi),  .Iii(l«rf  of  tlie 
Supn'iiu' Cidirt,  the  IIi)iii)r;il)I(>  .loiiN  lioriUXoT,  Setuitor 
of  till'  Doiiiiiiioii  of  Ciiiiiulii  Mild  Consul  for  Ki-iiiu'c,  .James 
P.  VVai{|),  Ks(|iiii('.  Kstatt'  Aui nt  uiid  Land  Broker,  and 
Donald  N.  Ma<'  (.^rKKX,  Ks(iuire,  Harristcr  and  Notary 
Public,  have  resided  hero  I'or  iiioro  tliaii  thirty  years,  and 
John  Blackie.  Esipiire,  C^ivil  and  >[ining  p]ii<:;ineer,  who 
has  resided  here  during  the  hist  past  five  years. 

We  know  the  Inteknational  Coal  and  Railway 
Company,  a  Corpoation  lately  organized  under  the  laws 
of  Nova  Seotia,  and  have  no  hesitation  in  saying  that  it 
is  a  highly  iiitliiential  Company,  comjirising  some  of  the 
most  respeetahle  and  most  influential  ci:i/ens  of  New 
York,  as  well  as  of  this  country. 

We  are  well  accpiainted  with  the  property  of  said  Com- 
pany, all  situated  in  this  hcighborhood,  and  have  no 
dilfieulty  in  certifving  that  we  consider  it  the  most  valu- 
able pro})erty  of  the  kind  in  these  Provinces,  with  the 
exception  of  that  held  by  the  (ieneral  Mining  Associa- 
tion of  London.  It  embraces  four  s(|uare  miles  of  coal 
area,  containing^ to  the  calculations  of  Professor  Lesley, 
and  other  eminent  scientific  men,  upwards  of  sixt3'-(ive 
millions  tons  of  coal  of  unsur))assed  excellence.  It  also 
cnd)races  nearly  four  sc^uare  miles  of  farm  and  timber 
lands.  A  railroad  from  the  coal  lield.  for  the  outlet  of 
the  coal  to  Sydney  Harbor — one  of  the  best  sliip{)ing 
})laces  in  rsorfli  America — a  distance  of  about  twelve 
miles,  would  make  the  said  property  (d'  immense  value, 
and  would  be  the  means  of  building  ii[)  an  unlimited  coal 
business  with  South  America,  West  Indies,  Cuba.  United 
States,  and  especially  with  the  Confederated  Provinces  of 


!.l*-?l.8g. 


■^iiji»Ay«5K 


>?»**«!**»•'= 


;  .w-^-yijWMiW' ift/fj^jf /^ 


60 


Britisli  Anieriea  now  luipinly  formed  into  one  Dominion, 
in  all  of  which  the  article  is  so  much  needed  anu  so  much 

prized. 

We  have  uo  interest  whatever  in  the  Company  or  in 
its  property,  and  therefore  have  less  hesitation  in  -iving 
this  exi)res&ion  of  our  opinion.  We  j,dve  it  in  good  faith, 
believing  what  we  have  stated  to  be  tlie  trutii. 

Given  at  Sydney,  Cape  Bret- .n,  this  fourteenth  day 
of  June,  in  the  year  of  our  Lord,  one  thousand 
eijjit  hundred  and  sixty-seven. 

EDMUND  M.  DODD, 

Jiuhje  of  the  Supreme  Court  of  the  Province  of 
Nova  Scotia. 

J.  BOUEINOT, 

Senator. 

JAMES  P.  WAKD, 

Tnfiirance  Broker  and  Real  EstaU-  A'/ent. 

D.  N.  MAC  QUEEN, 

Barrister  at  Law  and  Notary  Public. 

JC^HN  BLACKIE, 

Civil  a)id  Mining  Engineer. 


61     / 


[E.] 


We,  .loliii  I>iii('kie  and  Hugh  li.  MacKenzie,  civil  find 
mining  engineers  -.ire  well  ii('(|uaintud  with  the  coal  lields 
of  Cape  ]iret()n.  ami  espeeially  with  the  property  of  the 
International  Coal  and  liailway  C()n![)any,  having  had  oc- 
casion from  time  to  time  to  examine  it  minutelv. 

The  Coal  Areas  of  the  al'oresaid  Company  emi)race  four 
squai'e  miles,  it  has  Ween  ascertained  already  by  actual 
snrvi'v,  that  tlu-se  areas  e<nitain  (!").  11  [((S.'jO  of  tons  of  very 
superior  coal  of  dirt'ercnt  kinds,  suited  foi'  gas.  steam,  forge 
and  domestic  pur[)oses.  ()utsi;^le  and  underlying  the 
ahove  areas,  other  seams  have  lately  been  discovered, 
which  will  greatly  increase  the  (puintity. 

The  tarm  and  timber  lands  owned  by  the  Company 
contain  four  S(inar<;  nnles  nearly,  besides  the  liailway  lo- 
cation from  Jiridge})ort  to  Sydney,  a  distaucie  of  12  miles, 
with  valuable  harbor  lands  and  water  frontage  at  Sydney, 
amounting  to  more  than  2<H)  acres,  and  adapted  for  ex- 
tensfow  wharves,  docks  and  piers  for  an  annual  shipment 
of  (Uie  ov  two  millions  of  tons  of  coals  an.l  other 
operations. 

The  value  of  tho.--,e  properties,  j\ulging  by  the  ordinary 
rules  of  computation  we  consider  innncnse.  In  this  coun- 
trv,  and  w^e  believe  iuseicrju  other  couritries  the  ordinary 
value  of  coal  in  the  mine  Is  calculated  at  25  cents  per 
ton,  thus  when  any  one  takes  a  subdease  of  a  coal  urea 
he  usually  stipulates  to  pay  25  c(Mits  for  every  ton  he 
raises,  Ixjsides  paying  all  tlu^  expense  of  every  kind  at- 
tending the  woi'k.  Now  lo  apply  this  rule  in  the  jiresent 
ca.se,  the  value  of  the  coal  already  aseertained.  will  amount 
to  $lH,277,i*lo,  or  to  be  within  the  mark,  and  to  meet  the 
views  of  the  mo.st  moderate,  su})po.se  it  to  be  worth  20 


»*i**tfmmx: 


62 


cents  per  ton  only,  instead  of  25  cents;  in  that  c;ise,  the 
value  will  amount  to  $13,022,330. 

The  value  of  the  huid,  of  the  h;  rbov,  of  the  road  when 
completed,   and   all   the  ]mvileoTs  conneeted    therewith, 
must  rise  in  j)r()portioii  to  tlie  work   done,    and  must  be 
veiy  considerable.     In  ordiiuirv  eases,  hind  in  tiie  neigh- 
borhood of  mines  and  otlier  ini'.^lic  works,  is  usually  very 
high,  sometimes  lun-e  as  high  as  from  $-400  to  $6<»0  per 
acre.      Of   the   harbor,  railway,  rolling  stock  and    other 
plant  we  need  not  s])eak,  but  under  all  the  circumstances 
knowing  the  amount  of  business  likely  to  be  done,  we 
cannot   value   them   including   the    land,    at    less    than 
?;2,000,000  which  added  to  the  above  sum  of  $13,022,330 
(the  lowest  value  in  the  mine)  makes  $15,022,330,  l)eing 
upwards  of  £3,000,000  sterling,  which  we  do  not  consider 
at  all  extravtigant,  but  in  reality  considerably  within  the 
mark.     Guided  in  our  calculations  by  the  ordinary  price 
of  labor  in  the  country   and  other  ordinary  outlays,  we 
behevc  i iiat  when  tt  "  1  irbor  and  railway  are  completed, 
n-.ul   the   works  are  in  vigorous  operation,  coal  I'rom  the 
above  areas  cnn   l)e  shipped  at    Sydney    lor  about  $1.2;) 
per  ton.  ini-ludiug  all  cxitensi's.      We  I'urtlier  believe  that 
considering  the  superior  <niality  of  the  coal  and  its  adap- 
tation to  the  various  pnrpos(N  for  wliieli  eoal  is  now  used, 
the  demand  for  the  article  in  this  Hemisphere  will  be  im- 
mense.      We   also  believe   that    und(M'  ordinary   circum- 
stances, a  prolit  of  at  least  $1.20  \K'\'  ton  will  be  realized. 
We  have  only  to  add  that  we  have  no   interest   whatever 
in  the  (!ompiiny.  or  in  its  prop<'rt\.     Rut  being   asked    to 
give  a  bona  I'  'e  exi»ression  of  our  opinion   from   ])ersonal 
knowledge  of  the  locality,  its   resources  and  value;  we 
have  done  so,  without  any  bias  or  exaj'-geratiou.   to   th(; 


I        ,        I 


1 


0^ 


es 


!   ■  i 


best  of  our  jiulgmeut,  for  the  information  of  all  wlioin  it 
niav  concern. 

Given  at  Sydney,  Cape  Breton,  this  seventeenth  day 
of  June,  one  thousand  eight  hundred  and  sixty- 
se\en.  by 

JOHN  BLACKIE, 
H.  K  MACKENZIE. 


■1 


Referring-  to  our  statement  of  tliis  date  relative  to  the 
property  of  the  International  Coal  :ind  Kailway  Company, 
we  beg  to  add,  in  the  way  of  explanation,  in  order  to  pre- 
vent misapprehension,  that  an  outlay  of  al)out  one  liun- 
drcd  and  twenty-live  thousand  pounds  (£125.000)  sterling 
must  lie  mavle  to  complete  the  railway,  harbor,  and  other 
extensive  improvements  co-xx-ted  with  the  w^ork,  wdiich 
bein"'  done,  the  prosperity  ai.-l  success  of  the  enterprise 
will  be  finally  established.     AVt>  further  beg  to  add  that 
our  estimate  of  the  value  of  the  property  is  based  on  the 
following  :ii;d  otluT  gn-unds,  vi/  :  l>t.   The  ordinary  price 
at  which  such  articles  are  sold.     2d.  Tiie  immense  (pian- 
titv  of  coal  already  ascei'tained  to  lie  in  the  a'eas  of  this 
company.  Hd.  The  superior  character  of  the  coal:  and  the 
necessitv  and   increasing  demand   for   the   article   in   the 
IJiiited  States,  111  the  Dominion  of  ('anada,  in  Newfound- 
land, in   Cuba,  in  the  W  A   Indies,   in   St)uth    America, 
and  other  countries  of  this  sitle  of  the  Atlantic,  and  4th. 
The  lumual  increase  in  the  consumption  of  coal  in  these 
countries  is  about  twenty  [km-  cent.,  and  under  all  the  cir- 
eumstauccs  we  have   reason  to  believe  that  the  said  eom- 


fpp 


.  »»...'W.J.<«»!«l**'-»'' 


64 


pany  can  supply  the  article  from  their  areas  cheaper  and 
better  than  any  other  company  now  existing  here^ij^ 

Given  at  Sydney,  Cape  Breton,  this  seventeenth  day  of 
June,  one  thousand  eight  hundred  and  sixty-seven,   by 

JOHN  BLACKIE. 
H.  R  MACKENZIE. 


.^iifK 


msmmmmm 


^ 


The  following-  letters,  from  John  11.  Adam,  Esq., 
President  of  the  New  Yoi-k  Gus  Light  Comi)iiny,  and 
General  Charles  Koome,  President  of  the  Manhattan  Gas 
Light  Comininy,  New  York,  will  show  the  value  placed 
upon  the  coal  of  the  International  Coal  and  Railway  Com- 
pany, by  these  Com})anies,  which  are  the  largest  con- 
sumers of  coal  foi-  this  purpose  in  the  United  States. 

Office  of  the  New  York  Gas  Light  Co., 
New  York,  August  IDtb,  i»6-i. 

Gen.  Wm.  K.  Strong, 

President: 

I  am  pleased  to  be  able  to  say  that 
we  have  used  several  hundred  tons  of  your  coal  this  sea- 
son, and  that  the  quality  is  in  every  respect  satisfactory. 
For  Gas  making  purposes  it  is  superior  to  most  of  the 
Coal  offered  in  this  market,  and  is  equal  to  the  best  im- 
ported from  Cape  Breton.  Its  comparative  freedom  from 
sidpimr  makes  it  n  very  desirable  coal  for  use  by  parties 
who  are  obliged  to  piu-ily  with  stone  lime. 
Respectfully  yours, 

JOHN  U.  ADxVM, 

President 


\i 


Office  of  the  "Manhattan  Gas  Light"  Co. 
New  York,  duly  iBth,  18H7. 

A.  C.  Morton,  Esq., 

President  lidrruatiuual  Coal  and  Railway  Co. : 

Dear  Sir. 

Having  carbonized  several  tliousand  tons  of  your  Coal 
both  last  season  and  this,   we  can  bear  testhnony  to  its 


(16 


i 


excellent  quality.  It  produces  more  Gas  than  the  coals 
from  Newcastle,  and  the  gas  is  of  higher  illuminating 
power.  The  Coke  too  is  excellent,  and  makes  a  good  tire 
with  but  little  clinker. 

I  am  dear  sir,  yours  very  truly, 

CHARLES  ROOME, 
President  ''Manhattan  Gas  Light "  Co. 


^ 


:wn!f^»->i'- 


